We would like to remind our clients and the other recipients of the Turner Hopkins newsletter our firm continues to operate Turner Hopkins Solicitors Nominee Company Limited (THSNCL).
THSNCL is a contributory mortgage company which receives funds from investors (contributors) which are then lent to third parties which have approached our firm seeking mortgage funding.
Our contributors receive a return of 8.5% per annum on the funds which they have invested through THSNCL. This interest is payable either monthly or quarterly.
The loans are for a period of between one and two years and as security a registered first mortgage is taken over the borrower's property. The loans represent no more than 50% of an acceptable registered valuer's recommendation of the value of the land, or in the case of improved land (i.e. land that has either a house or building erected on it) 66.6% of the valuer's recommendation.
The advantages of investing in a contributory mortgage company include:
• The investment is secured over a specific property as opposed to being part of a global fund;
• Investors can contribute as little as $5,000 to THSNCL and thus offer the contributor the opportunity to spread their investment risk;
• A contributor must consent every time their funds are invested and is provided with a copy of the relevant valuation being relied on before their consent is sought;
• Our policy is to normally keep loans under $500,000.00;
• Loans are normally secured against property in the Auckland region
If you have an interest in discussing further the merits of investing funds in THSNCL please do not hesitate to contact our Nominee Company Administration Manager Helen White on ph: (09) 486-2169 or email@example.com
“I have struggled with different legal firms over the years, but over the past few years I have engaged with Turner Hopkins with various requirements from personal relating to wills, family trust, property settlements and contracts through to commercial engagements including employment advice, commercial lease agreements and general legal advice. I have engaged with a number of the people in the firm and always found them professional, punctual in their responses and very sound in the advice provided.”
“John is very easy to talk to, he never makes you feel dumb, and never makes you feel like you are wasting his time for asking questions. He explains everything very clearly, every time. John's support staff are also very efficient and so easy to deal with. No detail is missed when dealing with them. My husband and I are fans of them all :)”
“I can't speak highly enough of Jenny. She got everything done in a timely manner and when my ex-husband threw a spanner in the works at the eleventh hour she got the required documentation to his lawyers and settlement back on track.”
“Joy, we cannot thank you enough for your help with our purchase! You have been wonderful to deal with and so proactive (and patient with my numerous emails). We will be visiting NZ in April so will make sure we drop in to thank you in person.”
“To Michael Robinson – I wanted to thank you and your colleagues for many years of excellent service to the Bank. You have an outstanding business that has proved to be one of the most reliable and ethical businesses that Collections have dealt with in the almost 9 years I was with the Bank.”