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We are pleased to announce that NZF is in the final stages of negotiation with a new business partner which was a strategy announced late last year. Since then we have looked at a number of options and narrowed these to one party which we believe offers the most effective solution for NZF.
We are currently involved in the final stages of the due diligence process and as a consequence we must suspend all new originations from NZF HomeLoans until these negotiations and the necessary due diligence is complete.
This means that we will not be writing any new business for the next few weeks, while this process is being undertaken. All existing loans will continue to be serviced in the usual manner, and for those loans where full solicitor documentation has been completed but have yet to settle, these commitments will be honored.
We will keep you informed once origination can recommence.
This is a very exciting step for NZF, and one that will enable us to grow the business to a scale that under existing structures would not have been possible.
As always, if you have any questions, please give us a ring – otherwise, stand by for further news as it comes to hand.

To contact Scot Bailey -
0800 80 40 70 or e-mail at bdm@nzf.co.nz



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This email was sent by: NZF BDM Team, NZF Money Limited, Level 2, 88 Broadway P O Box 1195, Shortland Street, Auckland. Toll Free: 0800 80 40 70 Fax Free: 0800 379 9080 E-mail: homeloans@nzf.co.nz or bdm@nzf.co.nz
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This communication contains information that would seem to be of a market sensitive nature - why then was it not simultaneously released to the NZX?