Higher Selection, a non-bank lender inside the BNK Banking Group, has introduced a brand new partnership with VOW Monetary to boost its industrial mortgage choices for brokers.

In accordance with Paul Bakker (pictured), nationwide gross sales and partnership supervisor, Higher Selection is dedicated to offering brokers with various mortgage options.

“Whether or not it’s for an alt doc mortgage beneath our final product vary, or a industrial mortgage specialising in alt doc, lease doc, and SMSF Simple Refi, we’ve all the time been the go-to for brokers on the lookout for an alternate mortgage answer,” Bakker mentioned in an emailed assertion.

On the opposite aspect of the partnership, Glenn Mitchell, VOW’s head of business and tools finance, praised Higher Selection for its aggressive product choices and environment friendly back-office operations.

“We’ve been keeping track of Higher Selection for some time now and imagine there are numerous similarities in how our two organisations function,” Mitchell mentioned.

The partnership between Higher Selection and VOW Monetary was formally launched on the VOW Industrial Convention held final week in Adelaide.

As a part of its current upgrades, Higher Selection has launched options corresponding to industrial time period and alt doc loans with 25-year phrases with out annual evaluations, SMSF Simple Refi, and choices for money out as much as 70% LVR, together with an accountant-preferred declaration kind.

New nationwide industrial supervisor named

Along with unveiling the partnership with VOW Monetary, Higher Selection introduced the promotion of Shay Lena from NSW industrial supervisor to nationwide industrial supervisor.

On this new function, Lena will lead the corporate’s industrial phase, supported by a workforce of enterprise specialists centered on aiding brokers with industrial financing. He will even assist brokers set up new referral networks with numerous monetary professionals.

“As the brand new nationwide industrial supervisor, Shay shall be answerable for our rising industrial providing, which shall be additional improved by our current collaboration with VOW Monetary,” mentioned Bakker.

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