ISCOVER
By: Staff Reporter
In a further sign that competition is re-emerging in the market, Connective has added Wide Bay Australia to its growing residential lender panel.
In announcing the addition yesterday, the aggregator also confirmed that it is looking to add Police & Nurses Mutual Banking to its lender panel in the immediate future.
Connective principal Mark Haron said these additions suggest the non-bank lender sector has turned a corner and is set to compete once more against the majors.
"We continue to see the non-bank sector introduce more competitively priced products and policies and we believe this is only the beginning of a revival,” Mr Haron said.
"Wide Bay has recently reiterated its commitment to the broker channel, declaring it will seek to increase its use of brokers.”
Last month, AFG added the lender to its residential panel after the mutual posted a $9.585 million profit for the six months to 31 December 2009 – 16.5 per cent more than corresponding period in 2007/08.
JOIN THE DISCUSSION