Property website partners with NAB to offer home loans

by Miklos Bolza20 Dec 2016
National Australia Bank (NAB) and realestate.com.au have announced a five year partnership which aims to combine property searching and finance in the one online portal.
 
Through the platform, consumers will have access to NAB’s suite of home loans, a white label product branded through realestate.com.au, plus a panel of other lenders.
 
“By partnering with NAB, we are building a truly innovative solution that will marry property search and property finance,” said Tracey Fellows, CEO of REA Group, which operates realestate.com.au.
 
“We will be assisting home buyers throughout their entire property journey, whether it be buying, renting, investing or selling.”
 
Anthony Cahill, COO at NAB, said that the partnership would combine property search and home lending in a manner unseen both nationally and globally.
 
“We’re combining our respective expertise to deliver more to Australian property buyers and create a game-changing experience,” he said.
 
NAB is always focused on developing ways to make the home ownership journey easier, simpler, and more convenient for customers, and this partnership with realestate.com.au supports this.”
 
With the partnership just announced, details on what it means for brokers are scarce. However, NAB and realestate.com.au have already established teams to collaborate on and roll out the project which is expected to launch sometime in 2017.
 
NAB and realestate.com.au will be working very closely to deliver that to market in 2017. It will have a number of components which we will work through,” a NAB spokesperson told Australian Broker.
 
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COMMENTS

  • by Country Broker 20/12/2016 8:43:41 AM

    Oh another responsible lending move by the NAB , just another reason I will support the other lenders on the panel instead of NAB, yes the NAB say they want to support the Broker channel and then go and sign up another on line platform,
    Sorry NAB no support from me.

  • by Roddo X 20/12/2016 9:14:10 AM

    Couldn't agree more, Country Broker. Then again, sounds like a good waste of money for NAB, as any borrower with half a brain would be staying away from them and finding some real options

  • by Dave Robsinson 20/12/2016 9:17:47 AM

    Sorry Country Broker I don't agree I think all lenders and brokers will try different things to get more customers after all that is what we all do. However this announcement is full of nothing, no details on how they will deliver this "game-changing experience"...OMG stop with the coolaid. Bottom line move on nothing to see here.