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Custom Equity Group has now partnered with two lenders in two months after adding Teachers Mutual Bank to its panel.
The Sydney-based aggregator, which now has 31 accredited lenders, also added Bank of Queensland to its panel in March.
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Custom Equity managing director Sean O'Brien told The Adviser that the Teachers Mutual deal was part of offering a comprehensive and competitive product suite to its members.
“The more diverse an aggregator’s lender panel is with quality lenders [the better it is for] the whole third-party distribution market [and] also for the broker who has access to that lender’s product,” he said.
“Not only is it a win for the broker, but also ultimately it is a win to the consumer who deals with that broker.
“For example, Teachers Mutual is currently offering an extremely competitive three-year fixed rate product with 100 per cent offset – a win for everybody.”
Teachers Mutual’s national manager of third-party distribution, Mark Middleton, said the lender looked forward to working with Custom Equity’s brokers.
“Custom Equity Group matches our strategic plan to work with a select number of aggregators, both large and boutique, to ensure the diversity of our brokers and overall national distribution reach,” he told The Adviser.
