Your Aussie Broker will continue to look out for your best interests
When choosing a home loan, you’re likely to be making one of the biggest financial decisions in your life.
At Aussie, you can be sure that your Aussie Broker is a professional who will always put your best interests first, by presenting you with a range of options that best suit your individual needs.
The best interests duty (BID) is a new law that requires mortgage brokers to act in your best interests when providing credit assistance.
This means your broker should and will:
Best interests duty applies when your broker:
Best interests duty only applies to mortgage brokers and not banks or other non-bank lenders. So unlike when you go directly to a bank or lender, your broker is required by law to act in your best interests.
The best interests duty will come into effect in Australia on 1 January, 2021.
At Aussie, you can always expect your Aussie Broker to act in your best interests. We have:
Your Aussie Broker will consider your individual circumstances and provide you with a range of recommendations that meet your objectives, financial situation, and needs.
This information will be clearly presented to you to explain why certain recommendations have been made above other options.
Aussie can help you find the home loan that's right for your situation.
When buying your first home or next, refinancing or investing, we can help.