A boutique aggregator has welcomed niche lender Granite Home Loans to its panel as part of its “long-term strategic roadmap” to expansion.
Buyers Choice also recently appointed two other specialist lenders to its panel for the “hard to place” deals after being informed by its brokers there was a need for access to lending products that go beyond servicing the mainstream.
According to Buyers Choice CEO Brett Mansfield, Granite Home Loans was one of the first lenders the group targeted to try to bring on board.
“We love Granite’s innovative approach to policy and product, developing solutions which are designed to fill gaps in the current lending landscape,” he said.
“These solutions are not available directly through mainstream banks; our customers gain a substantial benefit by being able to access these solutions through their Buyers Choice broker.”
Granite provides SMSF loans and home loans for highly-educated professionals with relevant industry experience and strong incomes, but limited savings. The group has communicated “above expectation” enquiry levels of late.
According to co-founder and director Bridget Sakr, Granite Home Loans was founded to provide innovative products and processes that meet the unique needs of today’s borrowers and brokers.
“We pride ourselves on our personal service, offering a commitment to Buyers Choice brokers of 48 hour first touch, including a full assessment and issuing a tailored indicative offer,” she said.
“We’re launching a new Equity Keeper refinance product soon to our partners, and look forward to relaunching our No LMI High LVR Professional product to Buyers Choice when the market returns to some normality.”