Non bank mortgage lenders: your attractive source of mortgage finance
Non bank mortgage lenders in Australia are no longer operating purely in a market niche for those who can’t meet their bank requirements. The modern push towards consumer orientated banking competition reform and the aftermath of the global financial crisis means that private lenders are even more competitive than ever before.
Following the Commonwealth, Westpac and ANZ banks increase above the reserve bank cash rate increase of 25 basis points, consumers are left wondering if theres a way of getting relief from rising interest rates.
A late 2009 study by consumer group Choice found that 76% of bank customers are unlikely to switch, mainly because “too much effort is required”. We think this statistic is concerning, especially when we know that non bank lenders can offer an even more competitive deal on a range of mortgage products including terms loans, line of credit facilities and short term funding solutions.
Mortgage lending at competitive rates
Main article: Why a non bank lender doesn’t mean higher interest rates
We know know that in the past, non bank lenders haven’t had the best reputation. Often associated with complicated loan structures, high interest rates, hidden fees or bad and unresponsive customer service. We tackle these problems head on with our experienced, customer orientated team backed by a network of non bank lenders. This allows us to pick the private loan solution thats right for you, without encountering any of the aforementioned problems.
Our experienced team is there to offer expert advice about your unique financial situation, and walk you through all the associated fees and charges in a no-nonsense manner. Our aim is to make borrowing from non bank lenders fast and easy, and we take that very seriously.
Other reasons why private lending provides a more competitive fit
Main articles: Why a private lender might provide a better fit for my financial needs
Real financial solutions from private lenders
There are numerous advantages to bringing your loan to a private finance team like ours. For instance; private lenders can act much faster in approving finance for a wider variety of applicants. We have an online application facility that allows you to get an approval of your finance online so you can meet deadlines and make informed buying decisions.
In many regards private lenders also are more versatile than banks. We can accept applicants who can’t typically meet the banks strict guidelines or structure a unique line of credit facility to meet the specific needs of your project.
Discover the Easy Settle Difference today, enquire today and experience first hand why our private lending model gives the banks a run for their money.