So, there are finance institutions which brokers do not use because they do not give brokerage fees. New news to me! So I headed down to the friendly Hume Building Society are was treated very well in pre-application advice with good rates. Never thought of it before. Duh! Just thought brokers covered the lot. Silly me!
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It is true. Some lenders wont don’t have a relationship with brokers. they obviously cannotbe marketed by the broker.
Your broker will be able to show you a list of the institutions they have access to- noone should imagine that any broker can cover the whole market.
Good tip there.
Cheers,
Simon Macks
Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
I wonder if the friendly building society compared their loan products with any other lenders products available in the market. I would also be very helpful if I was sucking someone into an expensive loan and had no obligation to provide the most appropriate product like mortgage brokers are required to do.
Robert Bou-Hamdan
Mortgage Adviser
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