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Non-bank lender Mortgage Street has officially launched into market, offering mortgages up to 95 per cent LVR via the broker channel. Mortgage Street (www. mortgagestreet. com. au) has officially s
New non-bank lender set to enter broker channel
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Mortgage Street is set to relaunch into market as a new non-bank lender operating via the broker channel.
Mortgage Street, a home loan company which was acquired by mortgage management company Mortgage House in 2008, is set to relaunch as a non-bank lender servicing the broker channel later this year.
The lender, funded by Mortgage House, will enable brokers with their own Australian Credit Licences (ACLs) to accredit directly and access the lender’s home loan products, which will be “fully digital”.
Speaking to The Adviser, Mortgage House founder and chief executive officer, Ken Sayer, revealed that the idea to launch the new player into market came off the back of broker feedback.