Finsure Group, a leading aggregator, has announced its partnership with deposit lender OwnHome.
The aim of the partnership is to ensure that Finsure brokers will have more opportunities available to them when it comes to supporting home buyers as well as earning commissions without any clawbacks.
Kon Shizas (pictured above), the head of operations at Finsure, said the firm would be the first aggregator to form a partnership with OwnHome, helping the company to expand further into the third party channel.
“We’re incredibly excited to be the very first aggregator to partner with OwnHome,” said Shizas. “Their dynamic approach fits nicely with Finsure’s culture, and I’m confident our brokers will welcome them with open arms.”
Shizas expressed his excitement about the partnership, which would allow Finsure broker clients to secure a loan for up to 100% LVR.
Brokers will also be able to earn commission and trail on OwnHome’s deposit loan and the paired 80% loan, almost doubling their compensation for settled home loans.
OwnHome’s second mortgage solution will also assist first home buyers as they enter the property market.
“Brokers are such a wonderful resource for aspiring homeowners,” said James Bowe, the co-CEO of OwnHome. “It is only fair that brokers are able to keep the commission they earn when they help a family become a homeowner”.
Bowe further stated that OwnHome had zero clawback on its upfront commissions.
“We will never penalise a broker for refinancing a client when it’s done in the client’s best interest,” Bowe said.
Meantime, earlier this month Finsure reported its settlements had risen 27% in the 12 months to December 2023, with the broker network growing 19% year on year.
In September, Finsure also announced it was offering its brokers an investment vehicle, allowing them to refer their high-net-worth clients to parent company MA Financial’s asset management division.
What do you think of Finsure's partnership with OwnHomes? Comment below
