Login
ISCOVER
Staff Reporter
The flat property market has done little to hinder broker business volumes, new research has revealed.
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
Yesterday Mortgage Choice revealed it had recorded its highest value of home loan approvals since October 2009.
The brokerage’s chief executive officer Michael Russell said while housing credit growth has clearly slowed in recent times, professional mortgage brokers should not be overwhelmed.
“Home loan volumes are down industry wide but what we are seeing is more consumers looking to reputable brokers to help them navigate an increasingly competitive mortgage market. This spells opportunity,” he said.
“Mortgage Choice is making ground. I am delighted our March unconditional approvals reached $943 million and represented our best month since October 2009, which saw high demand due to the FHOG boost. We are also thrilled to see our home loan market share hit a two-year high.
Mr Russell said now is the perfect opportunity for all brokers to “get stuck in and grow their market share”.
“Brokers need to ignore what’s happening in the broader market and concentrate on the opportunities available with consumers who understand the value of a mortgage broker’s service proposition and who genuinely need our help to get a better deal.
“Our focus is clear and although we acknowledge loan approvals and market share are a month to month proposition, we are determined to build on this latest terrific result.”
