HomeStart Finance Joins Aussie Home Loans Panel Lenders
HomeStart Finance, the South Australian lender specialising in loans for customers who struggle to obtain home loans from mainstream lenders has joined the panel of lenders available to Aussie Home Loans 75 brokers.
The lender has settled loans for 1,779 buyers with a portfolio of $510 million in the 2018 financial year, with 90 percent of customers unable to source funding from mainstream lenders.
“We are delighted to be joining the panel of lenders with Australia’s largest retail mortgage brokerage in Aussie, which will expand our brand presence and reach across the state.
Aussie is the logical partner for us as the group provides an excellent distribution channel for our loan products, with the ability to reach many home buyers and assist our mission to help more South Australians into their own home sooner,”HomeStart CEO John Oliver
The lender offers low-deposit and innovative loan products for customers who may struggle to meet the ever-tightening requirements of a bank, and have helped over 70,000 customers in South Australia since 1989.
Bechara Boutros, principal of Aussie Prospect spoke with Real Estate News Group about the partnership, highlighting the importance of the role a non-traditional lender plays in the market given the current lending climate.
“Things are changing in the lending space at a very fast pace and obtaining credit has become more complex. My goal is to help as many customers as possible so having a lender like HomeStart makes a big difference with helping my customers.
HomeStart is a niche lender and may not fit all cliental. They are designed around helping First Home Owners get into the market. They have some advantageous policies to assist with low income or low deposit customers. While they have a real focus on first home buyers they can also help new singles, who might be going through a separation”Bechara Boutros, principal of Aussie Prospect
Aussie’s partnership now opens the doors for agents to be able to help clients facing financial difficulties obtaining credit, through a referral that could save a deal from falling over at the finance stage.
“(Agents can) ring me on 0404 209 620 or send me an email or text. I prefer the personal phone call but make contact by any means.”
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