First tier lenders vs. second tier lenders

Jun 17, 2019 5:26:40 PM

Stricter lending conditions across Australia have led to a rise in the number of borrowers turning to second tier lenders for finance. Second tier lenders – who can be smaller banks or non-bank lenders – whilst also tightly regulated, can often have more flexibility in the rates and fees they can offer. As a borrower who doesn’t quite meet bank lending criteria of the Big 4 Banks, a second tier or non-bank lender may be the answer.

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Topics: non-bank lender, lending options, Mortgage Advice, Australia Mortgage Broker, First Tier Lender