Home / Home Loans / Small lenders take a bite from big four

Small lenders take a bite from big four

10/01/2012

Smaller mortgage lenders are snatching a greater share of the home loan market, according to big mortgage broker AFG.

Non-bank lenders secured nearly a quarter of the overall mortgage market in December 2011, up from 20 per cent in November.

Driving the shift was a spike in the number of borrowers refinancing home loans with a non-bank lender. By the end of 2011, non-bank lenders had lifted their share of the refinancing market to 28 per cent from 21 per cent.

They also remained attractive to first-home buyers, with 28 per cent of that market shunning the big four.

Source: Herald Sun



Previous Article  Next Article


Popular Mortgages $250k

 



Popular Searches


Today's Best Rates

Institution Product Title Rate (%) Details
UHomeLoan - Refinance only (incl 0.20%p.a lifetime Loyalty Discount) 5.83
Dream Loan Express 5.95
State Custodians Standard Variable Offset Loan 6.02
MyRate.com.au - Advantage Rate Loan 6.15
Member Package Ultimate Offset Account 6.19
Institution Product Title Rate (%) Details

Rates for a $250,000 standard loan. The 3 year tabs show loans that are fixed for 3 years.



SPONSORED LINKS