The results are in! Homeowners are voting with their feet. With the tighter credit conditions, and consumer trust in banks waning, more borrowers are realising the advantages of using a mortgage adviser to secure finance, particularly when lending conditions change or when their lending needs are more complex. As a result, an unprecedented 59.1% of loans are now settled by brokers, indicating that borrower demand for mortgage advice continues to rise.
Tighter credit conditions and a soft housing market saw overall loan volumes drop by 8.5% over the last 12 months. By comparison, settled broker volumes were down by just 3%.
Mortgage brokers provide not only a high level of expertise but also more objectivity, market choice and personal attention than banks can typically deliver. We also assist customers to understand constantly changing lender requirements and the application process. What’s not to love?
But not all mortgage brokers are created equal. Make sure you choose the right one for you. We are dedicated to providing exceptional service to our clients from start to finish. We will help you find a loan tailored to your needs, guide you through the lending process and do everything we can to reduce the stress of taking out a loan.
It’s your choice, I know what I would do, if in your shoes.