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Non-bank adds funder

by Staff Reporter8 minute read

Staff Reporter

LJ Hooker Finance has appointed a new funder for its self-branded home loan range.

Adelaide Bank joins ING DIRECT and Advantedge to become LJ Hooker Finance's third funder and will allow the non-bank to launch a new suite of home loans called 'maximiser'.

Through the new LJ Hooker 'maximiser' suite of home loans, the non-bank lender will offer its broker network access to a full range of fixed rate products as well as a 100 per cent offset account, relocation loan and secured Visa card option.

"Throughout 2011, the team at LJ Hooker Finance has been working to develop a comprehensive product range and compelling proposition for our broker network," LJ Hooker head of finance Peter Bromley said.

"The addition of the third funder has been part of a longer term growth strategy to boost LJ Hooker Finance's product range, broker network and overall loan volumes."

Mr Bromley says that the inclusion of a third funder will also enable the non-bank lender to provide a complete and competitive suite of LJ Hooker Finance branded products to its network of more than 100 brokers.

"With a full product range, LJ Hooker Finance's broker network will be able to attract and retain customers whether they are building a home, buying their first home or refinancing," Mr Bromley said.

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