Homeloans moves into mortgage trusts

Non-bank lender Homeloans will launch a mortgage trust later this year which will be sold through financial planners. The lender said it can now offer its customers an additional product as well as getting another income source – important if the housing market turns down. Homeloans said it is considering offering more property-related managed funds in the future with additional products unlikely to invest in other assets such as Australian shares.

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