Buyer’s Choice Home Loan Advisory Service, a Melbourne-based brokerage, today announced the acquisition of Western Australia-based Westate Finance creating a broker group of more than one hundred members.
Wal Pausin, Westate director, said “the combined group has 120 active qualified members producing, in normal times, more than $1 billion of settled loans per annum”.
The acquisition will enable Buyer’s Choice to grow its broker numbers, something which has proven harder in recent times due to reduced commissions and a weaker mortgage market, Buyer’s Choice managing director Michael McClure said.
Mr McClure said the Westate purchase delivers an “excellent, professional and comprehensive WA presence,” while there would be scope to grow member numbers in Sydney, Brisbane and Adelaide where Buyer’s Choice remains “under represented”.
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