A major aggregator has inked a deal to add a specialist lender to its panel.
Bluestone has announced it has entered into an agreement with AFG
to provide specialist home loans to the aggregator's broker network. The company said the partnership would provide Bluestone with access to 1,800 brokers in AFG
's network, and would enable brokers to offer a broader suite of home loan options.
Bluestone exited the mortgage market during the GFC, transforming its business into portfolio and capital management. But AFG
general manager of sales and operations Mark Hewitt
praised Bluestone's return to specialist lending.
“We believe that specialist lending is an option that is under utilized by brokers and we are very pleased to see Bluestone return to the market with the intention of reinvigorating the sector,” Hewitt said.