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Firstfolio has announced plans to move into niche markets beyond mortgage lending.
The company has signed an exclusive licensing agreement with surety provider Aussie Bonds Australia Pty Ltd to market deposit bonds, lease bonds and rental bond guarantees under its own banner through its brokers and referrer network.
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“We see strong potential to bundle different bond products with mortgage finance and other Firstfolio offerings. The inclusion of bonds in the overall financial structure significantly enhances the borrower’s credit worthiness for lenders,” said Firstfolio chief executive Mark Forsythe.
The bonds will be pitched at property investors, owner-occupiers and small to mid-sized enterprises.
