Mortgage News

The Adviser has reported that the softening securitisation market has enabled more Non-Bank lenders to increase their competition against the majors. Better customer service and widening lending parameters are driving growth with these lending institutions, along with factors such as pricing, service and additional special features adding to more market share.

Simon Reibelt from Oasis Home Loans Northern Beaches stated that as our economy nationally and wider moved back into strong growth and customers needs became more direct and varied, the Non-Banks would find more clients to convert.