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Australian brokers remain firmly behind the non-bank sector, despite the severe lack of available funding and tough market conditions.
According to Mortgage Business’ latest quarterly broker sentiment survey, support for the non-bank sector rose by 3.2 per cent on last quarter.
When asked whether or not they would recommend non-bank products to their clients over the coming quarter, 75.3 per cent of brokers said they would, 14.2 per cent said they wouldn’t and 10.5 per cent were unsure.
In response to the latest survey, Oasis founder, Graham Reibelt, told Mortgage Business that he believes the non-bank market continues to deliver a strong service proposition to the broker sector.
“In the current climate, the non-bank sector has the perfect opportunity to regain lost ground if brokers would only broaden their outlook and consider all options for their clients – and not just the majors,” Mr Reibelt said.
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