Disclosure Statement
This Disclosure Statement provides important information about the financial advice services provided by Gurwant Singh through Firstkey Finance.
About Gurwant Singh - Your Financial Adviser
Phone: 021 836 1138
Email: gurwant@creativemortgages.co.nz
Financial Service Providers Register (FSPR): FSP100112
Gurwant Singh operates as a Financial Adviser linked to Creative Mortgages Limited (FSP714731), which is an authorised body under a licence issued by the Financial Markets Authority (FMA) in the name of Newpark 2020 Limited (FSP768953).
Nature and Scope of Financial Advice
Gurwant Singh provides financial advice relating to home mortgage lending only.
Advice may include assistance with:
- Home loans
- Mortgage refinancing
- Property purchase financing
- Mortgage structuring
Advice is not provided for:
- Personal, life, or health insurance
- Investment products
- KiwiSaver
- Estate planning (Wills, trusts, Enduring Power of Attorney)
- General insurance products
Lenders We Work With
Mortgage advice may be provided from a range of lenders including:
Fees and Charges
In most cases, you will not be charged a fee for mortgage advice.
Gurwant Singh may receive commissions from lenders when a mortgage is successfully arranged.
Typical commissions include:
- Upfront Commission: 0.55% - 0.88% of the loan amount (one-off payment from the lender)
- Ongoing Commission: 0.15% - 0.25% per year of the loan balance until the loan is repaid
Any additional fees, if applicable, will be disclosed and agreed with you in writing before proceeding.
Conflicts of Interest
Because commissions may be received from lenders, a potential conflict of interest may exist.
These conflicts are managed by:
- Prioritising the client's interests
- Maintaining a conflicts register
- Providing advice based on research and client needs
Lenders may also occasionally sponsor industry events or training attended by the adviser. These do not influence the advice provided.
Referral Fees
Referral fees may occasionally be received or paid to third parties such as real estate agents or property managers. Where this occurs, full disclosure will be provided in writing.
Qualifications and Experience
Gurwant Singh holds the following qualifications:
- Chartered Accountant (CA)
- Bachelor of Commerce (B.Com)
- New Zealand Certificate in Financial Services (Level 5) - Residential Property Lending
Gurwant Singh has worked as a Chartered Accountant since 2009 and has extensive experience in financial and business matters.
Duties to Clients
As a Financial Adviser, Gurwant Singh must comply with duties under the Financial Markets Conduct Act 2013, including:
- Giving priority to the client's interests
- Exercising care, diligence, and skill
- Meeting professional standards of competence, knowledge, and ethical behaviour