Because it pays to be square
Club Square
Welcome to Square Peg Mortgage Management's: Club Square - where being square makes perfect sense! At Square Peg, we understand that managing your mortgage can be a daunting task, to the point that people don’t. Our Club Square membership, is a unique service that lets you breathe easy knowing that your mortgage is in capable hands. We offer a comprehensive suite of services designed to simplify your mortgage management experience and give you the peace of mind and confidence that everything is in the right place
Why Choose Club Square?
1. Annual Credit Check
It’s fair to say you can obtain your credit score anywhere, but where can you obtain your credit check and report, whenever you need it, with no regular fee? We provide you with an Equifax (or similar) credit check, once a year or whenever you need one. Why? Well for starters, With ID theft on the increase, you have no real way of knowing if finance has been applied for, by someone else, in your name. Well now you do. So if you ever find yourself in the unfortunate position where your ID has been stolen or cloned, you can instantly see if any credit has been applied for in your name…. by someone else. In addition to this, now that we have comprehensive credit reporting (CCR) in full swing, it’s vital that you get to see what the banks get to see and what they are reporting about the conduct of your existing credit agreements. What you might think is a minor late payment might not be reported the same way by your bank or lending institution. Seeing your credit file once a year also enables you to check the enquiries that have been made against your name, just in case it wasn’t you that made them, and because we operate a read only facility, our credit checks do not reduce your credit score.
2. Property Valuation
Again, tracking our asset values is not always an easy thing to do. We will value your property once a year, giving you a clear understanding of not only it’s market its market value for selling, but also its market value for renting as well. One option we all have as owner occupiers of property is to rent out our current property and purchase something new, when we get to do that, depends on the market we are in, so it’s important to assess all of the options we have not just selling. It also allows you to be up to date with your decreasing loan to value.
3. Mortgage Rate Review
We review your mortgage rate annually, if it's on a variable rate or if you are fixed, we review it at the end of the fixed term (about two months before). We will assess what your existing lender will offer you as an existing customer and then compare that to the market and see what alternative pricing may be available to you to ensure you always have the best possible mortgage rate. Sitting with a set and forget mindset is a thing of the past and we should be always searching for the cheapest possible option, especially where there is such a differential between what is offered as new customers compared to existing customers from nearly all of the banks.
4. Mortgage Term Review and Early Repayment Assistance
Our team will review your mortgage term and establish early repayment processes to assist you in clearing your mortgage sooner. We not only help you plan how to be mortgage free, but also track your progress every step of the way.
5. Access to Property Valuations
Thinking about buying a new property? More often than not these days you’ll see a property for sale on realestate.com that has no price and the caption, make an offer! Club Square members have exclusive access to property valuations, so when viewing property that’s on the market but not had a value placed on it, you can at least gauge an approximate market price instead of going in blind! Just flick us the address and we will do the rest…
6. Square Peg’s Recommendation Scheme
We value your trust and loyalty. That's why we've introduced Square Peg’s recommendation scheme. For every client you recommend to Club Square who becomes a member, we'll reward you with $100 worth of vouchers. It's our way of saying thank you and helping you earn back your joining fee.
Join Club Square Today!
When you join Club Square, you're not just becoming a member; you're joining a community that values transparency, expertise, and your financial well-being. Let us take the complexity out of mortgage management so you can focus on what matters most to you.
Join Square Peg Mortgage Management's Clue Square today and experience a seamless, hassle-free mortgage management journey. It's time to embrace the square way – where clarity, simplicity, and financial empowerment meet.
It makes sense to be square!
CLUB SQUARE, FREQUENTLY ASKED QUESTIONS:
$599
No it’s not an annual subscription model, it’s a one off joining fee and it’s per household mortgagor. As a business we believe in value adding. So the fee is a one off fee charged to onboard clients, gather their information, spend the time reviewing and indexing all of their documents and meeting clients either in person or more often than not through Teams, to talk them through where they are at with their mortgage, what we can do to help them move forward and how we can improve the current arrangements they have.
No. There are some services we charge for such as Bridging Finance for example although we try to avoid it generally and very rarely use it. But there are normally no other fees you pay to Square Peg unless it is for a service lender do not pay us for.
Generally, the banks pay all brokerages commissions or procuration fees for placing business with them. So, on the occasions we do either refinance your mortgage or arrange a mortgage for your onward purchase, we receive revenue from the lender we recommend.
Firstly, we operate with transparency, so everything we do is open book. Secondly, lending is not about commission or rate. Lending starts with lending policy and whether you fit into it or not as the case may be. So, when selecting a lender for you, it’s initially driven by the question will they lend to you, will they accept your circumstances and your property as security, then once we know that, we then look at the rates and products they offer you. We rarely have the luxury, if ever of being able to select a lender based on rate alone.
