A non-bank specialising in near prime residential lending has announced a partnership with a mortgage group to reach more brokers.
Under the new partnership Bluestone will be offering solutions to Mortgage Choice borrowers who fall outside mainstream lending criteria.
Susan Mitchell, CEO of Mortgage Choice, said Bluestone is highly experienced in assessing and meeting the needs of customers with more complex financial structures.
She added, “Our partnership with Bluestone aligns with our strategy to broaden our panel of lenders and cater to our creditworthy customers’ ever evolving needs.
“Bluestone’s product set also adds greater depth of choice to our near prime residential lending offering at a time when mainstream lenders are tightening their appetite for lending."
Through the partnership, Bluestone will expand its distribution network by enabling over 500 Mortgage Choice brokers across Australia to offer their clients Bluestone’s near prime and specialist loan products.
Bluestone’s national head of sales and marketing Royden D’Vaz said he is proud and excited to add Mortgage Choice to Bluestone’s list of partners.
He added, “At Bluestone we understand that some borrowers, such as the self-employed or those in regional Australia, have more complex financial structures and are unable to find a financial solution with mainstream banking.
“By working together with Mortgage Choice, we will be able to help a much wider range of Australian customers with their borrowing needs while significantly growing our distribution footprint."
