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Neobank joins Buyers Choice lender panel

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Malavika Santhebennur 7 minute read

86 400 has signed an agreement with brokerage and sub-aggregator Buyers Choice to join its lender panel.

Following on from the neobank’s partnerships with aggregators Vow Financial and Specialist Finance Group, 86 400 has now joined the lending panel of Buyers Choice, making its home loan products available to the group’s accredited brokers.

Commenting on the agreement, Buyers Choice director Brett Mansfield said: “86 400’s smarter approach to mortgages transforms the process of buying a home for Australians.

“We look forward to working with the team to provide our brokers and home buyers an entirely digital experience through these unprecedented times.”

86 400 national manager, broker distribution, George Srbinovski said: “We’ve covered some serious ground with our home loans product over the recent months, working with our initial group of brokers.

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“As the industry adjusts to doing business remotely, our home loans allow brokers to continue their work while safely practicing social distancing. The entire process can be managed electronically, from VOI (verification of identification) done via a mobile phone to expense and income data collection and signing forms online.”

86 400 entered the mortgage market in November 2019, launching a suite of home loan products available via the broker channel.

The challenger bank launched the home loan products just over two months after launching its “Pay” and “Save” deposit accounts.

It recently announced that it has hired two additional business development managers to assist its growing broker market.

[Related: Neobank expands broker BDM team]

Neobank joins Buyers Choice lender panel
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Malavika Santhebennur

Malavika Santhebennur

Malavika Santhebennur is the features editor on the mortgages titles at Momentum Media.

Before joining the team in 2019, Malavika held roles with Money Management and Benchmark Media. She has been writing about financial services for the past six years.

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