First-home buyers consider getting mortgage online
Naked Mortgages chief executive Matt Graham says his new online broking service has seen interest from not only experienced property investors but also first-home buyers.
Graham said he was surprised that first-home buyers were looking to complete the lending process online considering the fact that buying a first property is often one of the most important financial decisions in someone's life.
"The first time you do it you probably want someone to hold your hand through the process," he said.
"Then again, we have a whole new generation that are used to transacting over the web."
Graham claimed that in view of the fact that his business provided a complete face-to-face service as part of its offering, many young Australians were happy to go with an online broking model, knowing that the process is secure.
"There are people who have set loans before and they know that setting a loan is like filling out a document. Once they get the information on the loan they want, they just fill out the document and it gets processed," he said.
Recommended for you
As the year draws to a close, a new report has explored the key trends and areas of focus for financial advisers over the last 12 months.
Assured Support explores five tips to help financial advisers embed compliance into the heart of their business, with 2025 set to see further regulatory change.
David Sipina has been sentenced to three years under an intensive correction order for his role in the unlicensed Courtenay House financial services.
As AFSLs endeavour to meet their breach reporting obligations, a legal expert has emphasised why robust documentation will prove fruitful, particularly in the face of potential regulatory investigations.
