The bank and its subsidiaries will decrease rates for new owner occupier principal and interest fixed loans with an LVR of 80% and below
Since its launch one month ago, the company has also seen a number of mortgages approved including one loan of $1m
The firm has brought together a collection of experts to help new brokers develop skills in networking, sales, leads and more
The demand has been driven by clients struggling to find funds amidst tighter lending restrictions by Australian banks
First home buyers have provided the first green shoots of housing market recovery, but it will be investors that carry the torch in the coming year, predicts BIS Shrapnel.
Non-bank lenders and second tier banks are being given a leg up by Mortgage Choice with the franchise group urging its network to consider alternatives to the major banks.
The fall-out from the federal budget and the RBA's decision to leave rates on hold has seen consumer confidence fall in May.
Pointing once again to the strength of the local banking sector, the governor of the RBA, Glenn Stevens, said Australia was "well placed" for a recovery from the current turmoil.
Following the introduction of its new mandatory accreditation requirements, Westpac has entered into discussions to set a broker "re-accreditation fee".
As part of the small business community, brokers have been offered some incentives in the federal budget.