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Mortgage Choice partners with P2P lender

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Reporter 4 minute read

Mortgage Choice brokers will now have access to a greater range of loan products following the announcement of a new partnership with a peer-to-peer lender.

Mortgage Choice has announced that it has partnered with RateSetter in a move that would provide its 600 brokers with access to personal loans and green loans offered by the P2P lender.

“Our partnership with RateSetter aligns with our business growth strategy and will further deepen our long-term customer relationships by diversifying our offering and helping them realise their finance goals,” Mortgage Choice CEO Susan Mitchell said.

RateSetter CEO Daniel Foggo claimed that the partnership was part of the lender’s plan to develop its broker relationships.

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“We have been focused on growing our broker partnerships and are delighted Mortgage Choice has come on board,” Mr Foggo said.

RateSetter’s [loans] will give Mortgage Choice brokers a new way to help their clients achieve their financial goals while helping diversify and grow their own businesses.”

Mr Foggo also claimed that the partnership would provide borrowers with greater access to alternative finance options.

“It’s our mission to give all creditworthy Australian borrowers a better value alternative to traditional lenders, and partnerships with leading broker networks such as Mortgage Choice are an incredibly important part of how we’re going to accomplish this,” Mr Foggo said.

Further, the RateSetter CEO noted that the lender is aiming to further invest in its business development and support teams to drive growth in its broker network.

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[Related: RateSetter to ‘accelerate’ broker strategy with new appointment]

Mortgage Choice partners with P2P lender
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