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Non-banks announce major merger

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Australian Broker | 20 Jul 2016, 10:25 AM Agree 0
Two leading non-bank lenders have announced a major merger deal to create one of Australia's biggest non-bank lenders
  • | 20 Jul 2016, 10:41 AM Agree 0
    Sounds like a good match. I presume that the name of the combined entity will be Homeloans Ltd?
  • David | 20 Jul 2016, 11:31 AM Agree 0
    Is anybody else concerned about the number of non-banks and mortgage managers slowly decreasing lately?
    • Adam West | 20 Jul 2016, 02:07 PM Agree 0
      Yes I was thinking the same thing. Decreased competition is never a good thing, but these mergers will only create increased competition and genuine alternatives to the major banks given, so hopefully a good thing at the end of the day.
  • Tom | 20 Jul 2016, 11:39 AM Agree 0
    Interesting. I don't use mortgage managers. They're so much harder to deal with than normal banks. Their discharge fees alone are double any normal bank.
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