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Lender vows to beat rival products

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Australian Broker | 01 Jul 2014, 04:47 AM Agree 0
A specialist lender has challenged brokers to submit conditional approvals from its rivals, vowing to offer a better price
  • Dave Robinson | 01 Jul 2014, 09:38 AM Agree 0
    So we do twice as much work, the client gets another listing on their credit file so Pepper can have something to do on a daily basis. You beat the offer by a $1 a month and what we are meant to swing the client over to you.

    Get into the market by releasing competitive products.
  • Sumit | 01 Jul 2014, 11:13 AM Agree 0
    Highly unethical. why don't you have the best pricing upfront !!!! This is already happening with all the institutions anyways.
  • Andrew Edwards | 03 Jul 2014, 08:41 AM Agree 0
    Agree 100% with the comments above, why do this for one month only? If you're serious about offering exceptional service to brokers then do this full time not casually. I just find the up front costs for these loans are the real killer. Yes you may only have the client for a few years but to charge 2% of a $600,000 loan is a complete rip off.
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