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ISCOVER
Staff Reporter
Resi Home Loans has announced it is activley looking for similar sized non-bank lenders to acquire.
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Chief executive of Resi, Lisa Montgomery, said the lender is debt free and, as such, is in a suitable position to acquire a business.
“I think there’s some opportunity out there, some organisations are struggling,” she told the Australian Financial Review.
While Resi has bought the residential loan books of other lenders in the past, this will be their first business takeover attempt.
She claims that Resi has not begun negotiations and declined to name any potential takeover targets, however she did say they would target a retail business structure.
“It would have to be the right fit for us to go ahead – we believe in the retail, direct to customers model,” Ms Montgomery said.
