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By: Jessica Darnbrough
In a further sign that competition is re-emerging in the market, Sintex has added Australian First Mortgage to its growing commercial lender panel.
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Australian First Mortgage founding director Iain Forbes told The Adviser that the non-bank lender was pleased to be associated with Sintex.
As part of the association, AFM will offer its clients Sintex’s full doc commercial product which features a loan-to-value ratio of up to 70 per cent, with no ongoing or annual fees.
Moreover, the product has no commission clawbacks and offers industry leading upfront and trailing commissions.
Mr Forbes said the company’s addition to the Sintex panel suggested the non-bank lender sector has turned a corner and is set to compete once more against the majors.
