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Latest News & Web Pages
Mortgage Strategy's Top 10 Stories: 25 May to 29 May
3+ hour, 39+ min ago (792+ words) This week's top headlines: Landlords face "7, 000 fines for missing document deadline and RAW's co-founder Parkes steps down as CEO. Explore these and other major industry updates below: Landlords face "7, 000 fines for missing document deadline this week Landlords are being warned…...
Lendhub doubles origination team as broker demand grows
1+ hour, 49+ min ago (351+ words) Specialist property finance lender Lendhub has doubled its origination team to seven people following four appointments made over the past four months, as it looks to support growing broker demand for real-time decisioning across its lending products. The new hires…...
Homeowners using alt lenders are struggling to graduate to mainstream mortgage providers
6+ hour, 30+ min ago (817+ words) A neighbourhood on Burnaby Mountain in Burnaby, B. C. in June, 2024. Higher-risk nature of private mortgages, also known as alternative mortgages, mean they're significantly more expensive. DARRYL DYCK/The Canadian Press Homeowners are turning to private mortgage lenders more often and staying…...
Brokers can now use their trail book to fund growth " without touching property
10+ hour, 29+ min ago (407+ words) A new specialist lender has entered the Australian mortgage market with a proposition that could reshape how brokers fund growth: loans secured entirely against trail income, with no property required as security. Broker Funder, established by alternative finance specialist Angus…...
New lender to offer trail book loans for brokers
20+ hour, 14+ min ago (684+ words) A new specialist commercial finance provider offering loans secured against broker trail income has launched. Broker Funder provides funding secured against trail income and is primarily designed to support acquisitions, business growth, and operational investment for brokers. The new lender…...
Inter Bay improves commercial mortgage pricing
1+ day, 5+ hour ago (167+ words) The lender has cut rates across the owner-occupier range by up to 40 basis points, strengthening competitiveness in a key segment of the market. The move means borrowers taking out loans above "2. 5m can access cheaper deals. Inter Bay has also improved…...
Business Accelerator: The uncomfortable truth about broker referral relationships
1+ day, 14+ hour ago (114+ words) Broker Daily As brokers compete in an increasingly crowded market, how do you build referral partnerships that create sustainable growth " not just one-off deals? In this week's Business Accelerator, Julian Barnes and Jason Back unpack how referral relationships are evolving…...
Major Lender To CE & Appliance Distributors Looks For Sale As Market Gets Tough
1+ day, 13+ hour ago (415+ words) Scottish Pacific is one of the biggest lenders to sellers of consumer electronic products and appliances in Australia along with the retail channel, with Affinity Equity Partners looking to exit the business as concerns mount about the retail industry and…...
Flatter housing market increases focus on broker transparency
2+ day, 3+ hour ago (605+ words) conveybuddy said advisers are becoming less willing to accept opaque pricing structures, hidden additional fees and poor communication from conveyancing providers because consumers increasingly view the mortgage and legal process as one connected experience rather than separate services. The comments…...
Commercial finance: Why stabilisation creates broker opportunity
3+ day, 3+ hour ago (536+ words) The commercial property market is not booming, but that may be precisely why brokers should be paying attention. After a period defined by rate volatility, valuation uncertainty and cautious sentiment, parts of the market are beginning to stabilise. Investors and…...