Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

New funding, pricing for Collins Securities

Staff Reporter 1 minute read

Collins Securities has relaunched its product range with more competitive pricing after securing a new funding arrangement.

The new range, which is being offered to selected brokers and financial planners, includes a basic home loan at 8.60 per cent, professional packages at 8.97 per cent and a line of credit at 9.35 per cent.

Collins Securities, through a consortium with Pioneer Mortgage Securities and Prime Mortgage Group, secured the new funding through an arrangement with German bank HVB – which is part of European banking conglomerate UniCredit.

Rob Emmett, Collins Securities chief executive, said the $303 million funding program – Trilogy Asset Securities Trust Series 1 – was not a standard warehouse structure and was much more flexible.

“We have access to the funder’s balance sheet,” he explained.

Advertisement
Advertisement

While Collins Securities continues to have funding arrangements with ING Direct, Challenger and Origin, Mr Emmett said those programs were currently “expensive”.

Published: 24-04-08

New funding, pricing for Collins Securities
default
TheAdviser logo
default
more from the adviser
houseandmoneyrates ‘Don’t rush in’: Risks of new housing scheme flagged

Broker support is critical for borrowers looking to capitalise on...

speed boat ta AFG welcomes specialist lender to its panel

The aggregator has welcomed specialty asset finance lender Austra...

business handshake 2 Finsure expands third-party team, appoints new BDMs

The mortgage aggregator has announced the appointment of new busi...

FROM THE WEB