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MFAA Prosper : Mortgage and Finance Brief 12
Mor tgage & Finance brief | 19 Non-bank lender Pepper has launched a new website that aims to be a one-stop-shop for Pepper- accredited brokers. www.pepperonline.com.au offers simpler navigation, easy- to-use tools, more comprehensive product information and a more interactive online experience. Over the coming months, the website will be complemented by the launch of Pepper’s electronic lodgement platform. Heritage Building Society is targeting significant growth within the broker channel over the next 12 months. The company is hoping its planned name change – to Heritage Bank – by the end of the year will help facilitate growth, while the new Discount Variable home loan product , and an expansion of its broker panel, will also be key components of that strategy. According to CEO John Minz, the name change will achieve greater cut- through in a highly competitive market. “ We believe that the new name of Heritage Bank will definitely put us more on the radar of potential mortgage customers and make it easier for brokers to explain our excellent mortgage loan proposition,” he said. Heritage has recently joined the lending panel of both Vow and Connective, in addition to its existing broker channels, and has enjoyed success with its Discount Variable home loan, which it launched in August. Pepper launches online 9.75% Liberty FinanciaL has reduced its commerciaL Low- doc rates. rates now start From For Low-doc Loans up to $1m. Building for the future ING Direct is targeting first- home buyers and investors looking to construct by increasing the maximum LVR available on its construction loans to 95% plus LMI, after discussions with broker partners. “ We have had a very active year to date, engaging our broker partners on how we can bolster the value we add to the channel, and then implementing many initiatives based on these discussions,” said Mark Woolnough, Head of Broker Distribution at ING Direct . “Some consistent feedback we received was around the need to offer an increased LVR on our construction loan product.” Company News Brokers in sight don’t depRive youRself of any moRe sleep, call the moRtgage expeRts today. .. . after years of frustration dealing with lawyers ignorant of the mortgage industry, I am contented and in control, it’s like we speak each other’s unspoken language - fluently.” n Retail mortgage fund documentation & compliance n mortgage advances & enforcement n mortgage related negligence claims n origination and aggregation documentation n cosl complaints n mandate drafting n trail disputes n caveat disputes n payout disputes call 9221 9522 or visit us at www.bransgroves.com.au “We have the lawyers who know! Warning: All comparison rates on these pages are true only for the examples given, and may not include all fees and charges.
Mortgage and Finance Brief 11
Mortgage and Finance Brief 13