Mortgage management partnership to broaden broker options

by Julia Corderoy12 Sep 2014
Ballast Lending Central, the wholesale mortgage management arm of national aggregator group, Ballast Finance has partnered with My State to deliver more lending options for brokers.

My State has recently been making moves to grow its third party market share – releasing a series of product enhancements such as SMSF lending and non-LMI residential loans up to 85% LVR – and has partnered with Ballast to do so. Head of mortgage management at Ballast, Chris Wisbey said this partnership is a defining moment for the group.

“Clearly there are significant advantages available for BLC in terms of product and policy through our expanded distribution of Brokers and Financial Planners. The new programs My State have launched, particularly in our market space, means we can be far more confident of meeting the demands of the finance market,” Wisbey said.

While the new relationship will initially be centred upon lending programs, Wisbey says to expect the Ballast Group to support other key My State products such as general insurance, personal loans and transactional accounts in the near future.