Possible legislation change threatens the mortgage broking industry, which could see all Australians having less access to smaller lenders and even less access to credit. As competition and choice declines, bank power and the risk of higher interest rates increases.

Without Mortgage Brokers, finding a home loan will be harder and could become more expensive for home buyers

Did you know:

Brokers drive mortgage interest rates down, which helps all borrowers. Broker competition has contributed to a fall in net interest margin of over 3 percentage points.
Brokers are responsible for facilitating more than 59% of all Australian home loans
More than half a million Australians take out a mortgage with the help of a broker each year
Brokers are critical in regional and rural areas where retails banks are less accessible
Mortgage Brokers contribute $2.9bn to the Australian economy each year.

Mortgage Brokers are a key driver of competition and access to credit, Without them, you could pay more for your loan while the banks profit

The last thing Australia needs is policy change that further entrenches power amongst the few lenders with large branch networks

We are asking everyday Australians to protect competition and choice by ensuring the mortgage broker channel remains strong

Please show your support by signing our online petition to keep choice alive at brokerbehindyou.com.au