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When you buy a house, you pay a solicitor to verify the property’s ownership and check for outstanding loans or other title restrictions. But what if this information was available to you instantly?
86 400, a genuine alternative to Australia’s Big Four banks, has secured national distribution with Vow Financial, one of the largest aggregators in Australia – part of the Yellow Brick Road Group. The partnership will enable 86 400 to deliver home loans via Vow Financial’s network of over 1,200 brokers. This development brings 86 400 [...]DETAIL
The COO of digital mortgage marketplace HashChing has revealed the company is repeating last year’s fundraising exercise after failing to achieve its $5m target. Last May, HashChing attempted to use equity crowdfunding space Equitise to raise $5m in a month and a half. Interested investors could back the fintech for as little as $250. However, [...]DETAIL
Award-winning fintech company, Tic:Toc, today announced the launch of its low deposit home loans, offering low-cost digital home loans to customers with as little as a 10% deposit. The fintech has simultaneously launched a $1000 cashback offer to all customers who take out a Tic:Toc home loan. Tic:Toc’s new low deposit option, allows customers with […]
The Reserve Bank of Australia has warned banks to loosen up their lending practices when approving home loan applications. Following the Royal Commission banks have become cautious and their frontline lending staff are knocking back home loan applications which usually would get approved. Speaking at a function in Perth, Reserve Bank assistant governor Michelle Bullock […]
The irresponsible lending practices uncovered by the year-long inquiry by the Royal Commission on big banks seemed to have pushed borrowers to alternative lending providers, the CEO of peer-to-peer loan provider SocietyOne said. SocietyOne’s Mark Jones told Yahoo Finance that peer-to-peer loans have already gained traction in the industry. In fact, figures from the Australian […]