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
Last month saw the slowest growth in the owner-occupied market for the past year.
While brokers call on lenders and aggregators to allow trail portability, one aggregator has defended the lenders’ stance.
A number of lenders are said to have made bids to acquire around $2bn in loans being sold by Investec.
A major bank recorded a cash profit of $1.73bn in the final quarter of 2013, spurred on by solid lending book growth.
The move to e-conveyancing is on the horizon, and one expert says it will give brokers peace of mind and make the application process smoother.
A commercial construction and property development company has paid a penalty of $33,000 for failing to comply with continuous disclosure obligations.