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New lender enters third party space

by Jessica Darnbrough6 minute read

A new Western Australia-based lender has entered the third party distribution channel.

Recently, Goldfields Money, an authorised deposit-taking institution completed a 12-month pilot with a selected group of WA brokers.

According to Goldfields Money managing director David Holden, feedback from the broker test group was “extremely positive”.

“There are many reasons why Goldfields Money has been accepted so easily by mortgage brokers and their clients,” Mr Holden said.

“We have an experienced BDM with 20 years in the mortgage broker channels; a common sense lending policy; direct access to the credit team; and experienced management, as well as a three-day turnaround,” he said.

“We also have variable interest rates starting from 5.05 per cent and fixed rates from 4.99 per cent with no annual or monthly fees.”

Mr Holden went on to say that the group would now look to extend its presence in the third party space, offering home, personal, commercial and self-managed super fund loans to borrowers.

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