• February 19, 2020

Author: Accredited Broker

Accredited Broker

Fintech lender joins broker panel

Rebecca Pike| Australian Broker| 25 October 2018 https://www.brokernews.com.au/news/breaking-news/fintech-lender-joins-broker-panel-256558.aspx A broking group has announced a new lender to its panel offering unsecured personal loans with personalised interest rates. MoneyPlace explained to Australian Broker recently how sharing…

Read More

Brokers 60% share of lender’s loans

Rebecca Pike| Australian Broker| 25 October 2018 https://www.brokernews.com.au/news/breaking-news/brokers-60-share-of-lenders-loans-256559.aspx Brokers made up 60% of new lending at state government-backed HomeStart over the last financial year. As an ‘integral and growing contributor’, the broker channel increased from…

Read More

First home buyers at highest level in 8 years

Rebecca Pike| Australian Broker| 26 October 2018 https://www.brokernews.com.au/news/breaking-news/first-home-buyers-at-highest-level-in-8-years-256609.aspx Lending to first home buyers has grown by 74% in Sydney in the last year, according to a report released this week. QBE’s Australian Housing Outlook 2018-2021…

Read More

Digital bank founder talks brokers

Rebecca Pike| Australian Broker| 27 October 2018 https://www.brokernews.com.au/news/breaking-news/digital-bank-founder-talks-brokers-256652.aspx A fintech founder with a passion to change the way banking is done, has explained why he will not be disregarding the broker channel in the future.…

Read More

Welcome to a whole new world of mortgages

Any property buyer can tell you that the lending world has changed. But, changed lending criteria driven by the Australian Prudential Regulation Authority (APRA) is superficial compared to what is about to happen due to…

Read More

Banking Royal Commission Interim Report: Business Lending in the Clear

James Eyers| Australian Financial Review| 28 September 2018 https://www.afr.com/business/banking-and-finance/financial-services/banking-royal-commission-interim-report-business-lending-in-the-clear-20180928-h15zcu Business lending is highly unlikely to face calls for tougher regulation in the final report of the royal commission, after Commissioner Kenneth Hayne suggested the hearings…

Read More

Banking Royal Commission Interim Report: End to Trailing Commissions for Mortgage Brokers

James Eyers & Joyce Moullakis| Australian Financial Review| 28 September 2018 https://www.afr.com/business/banking-and-finance/financial-services/banking-royal-commission-interim-report-end-to-trailing-commissions-for-mortgage-brokers-20180928-h15zcw Up-front and trailing commissions paid to mortgage brokers by lenders are making the home loan market more risky, the royal commission said in…

Read More

Small Business Blames ‘Real Tightening’ in Credit on Banking Royal Commission

John Kehoe| Australian Financial Review| 23 September 2018 https://www.afr.com/news/small-business-blames-real-tightening-in-credit-on-the-banking-royal-commission-20180922-h15qg6 Small business says it is facing a credit crunch and is blaming the royal commission into financial services for causing nervous banks to slow lending to…

Read More

Bank Withdraws SMSF Lending

Rebecca Pike| Australian Broker| 27 September 2018 https://www.brokernews.com.au/news/breaking-news/bank-withdraws-smsf-lending-255441.aspx The number of banks offering self-managed super fund (SMSF) lending has dropped again as another lender announces it is pulling the product from its offering. AMP has…

Read More

NAB Makes Changes to Broker Commissions

Rebecca Pike| Australian Broker| 11 September 2018 https://www.brokernews.com.au/news/breaking-news/nab-makes-changes-to-broker-commissions-254779.aspx A major lender is making changes to how mortgage broker commissions are calculated, becoming the first of the big four to do so. NAB is introducing the…

Read More