FAST chief executive Brendan Wright explains how the aggregator’s diversified approach to lending is helping Australian businesses grow into successful companies. Speaking to The Adviser, Mr Wright said the third-party channel has evolved into more than just a segment of the financial services industry. “The broking industry has provided a whole new opportunity for business…
It’s fair to say that because some asset finance companies make obtaining loans seem easy, there’ll always be some companies who think it’s just as easy to bend the rules. Nothing could be further from the truth, as a recent case involving a car dealership made clear. The Australian Securities and Investment Commission (ASIC) case…
Finance groups are the best choice for people wanting to obtain a home loan, or refinance an existing loan. To offer a bank’s products, finance brokers must first be accredited to a particular bank. They can then sell the banks products, and the bank is placed on what’s called the broker’s panel. The broker accreditation requirements…
The finance broking industry is one where economies of scale mean finance groups are at a significant advantage compared to individual brokers. The main reason is because of volume. Many lending institutions require a monthly loan volume for a broker to obtain their accreditation with them and then maintain it. And because many individual brokers don’t…
Australians have taken advantage of the favourable lending conditions offered by financial institutions to create a spike in borrowing levels. The availability of funds has resulted in the property sector heating up, with the both residential and commercial markets showing significant levels of activity. In fact, demand for property continues to surge, with buying conditions…