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Bank chops 0.22% from home loan range taken out via brokers

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Australian Broker | 03 Sep 2013, 08:00 AM Agree 0
A non-major lender has just announced reductions to an entire range of residential home loan products
  • oldBroker | 04 Sep 2013, 10:39 AM Agree 0
    This is great news and is one sure way to increase the percentage of broker-initiated deals.
    Good-on ABL to recognise the importance of the broker channel and to recognise that a) new-customer costs are significantly lower with broker-deals as opposed to branch-deals, and b) the majority of a bank's overall new customers come from the broker channel. Now if we can only get the majors on-board.
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