# Mike Pero Mortgages review: lenders, fees and how it gets paid

> Mike Pero Mortgages has been arranging home loans since 1990 and works with more than 20 banks and lenders. Here's how it gets paid, what it may charge and who owns the company.

By Jason Dark, last checked 2026-11-08. Part of [Mortgage brokers](https://buyingahouse.co.nz/mortgage-broker) on Nester.

## The short version

- Mike Pero Mortgages has been arranging home loans since 1990. Its advisers arrange over $1 billion in loans each year.
- Its disclosure statement lists more than 20 lenders, including ANZ, ASB, BNZ and Westpac, but not Kiwibank.
- Mike Pero Group also owns Liberty Financial and Secure Funding, which are two lenders its advisers can recommend.
- Most clients don't pay any fees, but some lenders charge a brokerage fee, and advisers may charge a small fee that you agree to upfront.

## Is Mike Pero a good mortgage broker?

Mike Pero is a good choice for buyers who want a well-known broker with a wide range of lenders, including non-bank lenders for people the banks turn down. Its disclosure statement from August 2022 lists more than 20 lenders but not Kiwibank, so ask your adviser how they'd compare a Kiwibank offer.

## Which lenders Mike Pero uses

The disclosure statement lists ANZ, ASB, BNZ, Westpac, The Co-operative Bank, SBS and Heartland Bank, as well as non-bank lenders like Avanti Finance, Liberty Financial, ASAP Finance and Southern Cross Finance. Mike Pero also offers its own branded home loan, provided by Secure Funding.

## How Mike Pero is paid

Lenders pay Mike Pero a commission of 0.1% to 1% of the loan amount at the start, and may pay another 0.1% to 1% of the balance each year. Your adviser gets a share of this. For most loans, there's no cost to you, but some lenders charge an upfront or brokerage fee and may pass some of it to Mike Pero. Advisers may also charge a small fee, which will be set out in writing when they give you advice.

## Who owns Mike Pero

Mike Pero Mortgages, Mike Pero Real Estate, Secure Funding and Liberty Financial are all owned by Mike Pero Group. Mike Pero says its advisers don't get extra commission for recommending a Liberty or Secure Funding loan. Advisers may get an incentive for referring you to Mike Pero Real Estate.

If you're comparing advisers, the [mortgage broker guide for your town](https://buyingahouse.co.nz/mortgage-broker) lists the questions the FMA suggests asking each one.

## Common questions

### Does Mike Pero charge fees?

For most loans, no. Some lenders charge a brokerage fee, and advisers may charge a small fee, which they must tell you about before you agree.

### Does Mike Pero work with Kiwibank?

Its disclosure statement from August 2022 doesn't list Kiwibank. Ask your adviser if that has changed.

## Sources

- [Mike Pero Mortgages: Disclosure statement](https://www.mikepero.com/disclaimers/disclosure-statement)
- [Mike Pero: About us](https://www.mikepero.co.nz/about-us)