Priority Home Loans have picked up a top gong at a national awards ceremony, while they also have some sage advice in the wake of the banking commission, particularly for first homebuyers.
The Tamworth and Newcastle based mortgage brokers were recently named Best Regional Broker at an industry awards night in Adelaide, which broker Craig Mackay said lends even more credibility to the service.
“It was based on volumes, quality of applications, and customer service,” Mr Mackay said.
“It was very nice to get the nod, and shows that we do know what we are on about, and that is something we want to build on, particularly at the moment.”
Mr McKay said in the midst of all the changes being implemented by the banking commission it is more important than ever that consumers receive the right information, and access the best service.
“Come and see a broker first before going to the big banks,” he said.
“We can relay the red tape and information in a way that customers can relate to – there is also a much better chance of having a loan approved the first time.”
A recent Deloitte study found that on average a mortgage broker has access to 34 individual lenders, with 30 per cent of all regional loans conducted through brokers.
“Banks are really scrutinising living expenses at the moment, and that includes checking bank accounts for poor spending habits, or exorbitant and frivolous spending,” Mr Mackay said.
“Compared to 12 months, or even six months ago there are some great rates around, and we have been getting plenty of enquiries – both for new loans and refinancing.”
The broker has also looked to allay fears of the current forecasts for a housing market crash, particularly in metro regions.
“It is more of a correction than a crash, following years of big growth,” he said.
“We will feel some of it but nowhere near the cities – locally we will feel the impact of the drought more than market movement.”