Article by Patrick Lynch, Head of Operations at Long Property With this being our last newsletter until after the New Year, Dan and I thought it would be good time to reflect. It hasn’t been an easy six months, establishing the new business whilst also dealing with a difficult lending environment, a Royal Commission into […]
2018 review
My take on the royal commission – don’t give banks a free kick
The Royal Commission hearings have now concluded and in the final round CBA CEO Matt Comyn tried to crush mortgage brokers. He claimed that once a loan settles we tend to forget about clients, and therefore that the current remuneration structure – where banks pay an upfront as well as an ongoing commission to brokers, […]
3,500 sweetener to refinance
Article by Patrick Lynch, Head of Operations at Long Property From media reports, you’d think the Banks are in retreat. In reality, whilst it may be more difficult now to secure funding, the banks are keen for new business. How do we know? Because of the offers now available. Cheap rates and substantial cash-back offers […]