Refund suitors rumoured to include Liberty

by Adam Smith16 Feb 2012

Liberty Financial has declined to comment on speculation that it has made a bid for embattled franchise network Refund Home Loans.

As Refund continues in voluntary administration, administrator SV Partners has told franchisees it is considering three potential buyers, including a bid from franchisees.

Now a Refund franchisee, who wished to remain anonymous, has told Australian BrokerNews that one of the bids being considered has come from Liberty Financial.

The franchisee claimed Liberty had "put in a good offer", which was being considered alongside one from a group of franchisees. When asked to confirm or deny the claim, Liberty Financial told Australian BrokerNews that the company was "unable to comment on market speculation".

Liberty recently launched its Liberty Network Services platform, which has seen the company target the construction of a branded broker network.

The Refund franchisee also claimed that the bid from within the franchisee network was "gaining momentum", particularly among franchisees with larger trail books.

Related stories:

Draft contracts issued for Refund sale

Refund brokers still eyeing bid


  • by Refund Broker 17/02/2012 1:30:37 PM

    I hope it is Liberty, and I hope they can acheive the purchase, as they appear to be a solid, well managed business, with a clear strategy. I believe that, having invested in the Refund Broker network, they would provide the support and the model that Refund Brokers need to fulfill their potential. Here's hoping a deal can be done to the benefit of all concerned.