Mike Pero Mortgages to gain from institutional strength

12 June 2013

Mike Pero Mortgages to gain from institutional strength

Mike Pero Mortgages (MPM) is pleased to announce that it is now a full member of the Liberty Financial Group (Liberty). MPM has enjoyed the support of Liberty since it first invested in a 50% shareholding in 2006 and Liberty has now increased its investment to 100%. This commitment will allow MPM to fulfil a broader range of financial needs for its customers while having access to strong institutional support.

Ruth Gardiner, Manager-General Business of MPM, said: “With Liberty’s support we will be able to offer our valued customers a more extensive range of home loans alongside personal loans, insurance, savings, KiwiSaver and real estate. We will also remain locally managed by the same strong team.”

Established in 1991, MPM is one of New Zealand's largest mortgage broking companies, writing around $800 million in mortgages last year. Throughout its 22 year history, it has helped over 90,000 Kiwis realise their home loan dreams.

Liberty is one of the region’s leading finance groups and has been committed to New Zealand since 2001. It has advanced more than $13 billion and has helped over 140,000 households achieve their diverse financial goals.

“With Liberty’s financial backing and experience, MPM and its national network of Advisers will be in an even stronger position to better meet the broad needs of its customers today and well into the future”, added Gardiner.

Background Information
Mike Pero Mortgages (MPM) was established in 1991 and is one of New Zealand's largest mortgage broking companies. With over 70 Mortgage and Insurance Advisers and support staff MPM, has long held the position of “most trusted and known Mortgage Broking firm in New Zealand,” (Colmar Brunton Research 2012).

ENDS

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