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
Second-tier banks have refuted claims from brokers that there is a lack of flexibility and product innovation amongst the non-majors.
Two more lenders have joined the recent bevy of rate cuts, upping the anti in the fight for market share.
ASIC has been busy over the past six months cracking down on those in the financial services industry - and brokers have been in the spotlight.
Consumer financial stress is forecast to rise during 2014 to its highest level in more than a year as the finance industry prepares for upcoming positive credit reporting changes.
Pre-budget submissions have called on the government to tackle low levels of first home buyers and soaring house prices.
A major bank has followed its launch of commission changes with announcements of rate cuts and a new broker referral program