PRDnationwide has teamed up with an online lender to provide financial advice and mortgage products to clients.
Tony Brasier, chairman and managing director of PRDnationwide, said when the company decided to expand into mortgage broking, they had a number of pre-requisites in their search.
“The first was an online solution," he said. "We wanted to ensure our potential clients were referred to efficiently with a guaranteed response. The second was access to innovative and competitive financial products, and the third was to find a financial company that was honest with an exemplary reputation in the marketplace. eMoney ticked all the boxes for us."
“As a result, our partnership with eMoney will provide our 120 franchise offices and their customers with expert financial advice and premier financial products.”
Echoing the words of Mr Brasier, Neil Manuel, general manager of eMoney, said eMoney’s partnership with PRDnationwide will make it easier for people to get finance for the home they’ve fallen in love with.
“Buyers who purchase a home with PRDnationwide will benefit through PRDnationwide’s expertise in the property market and eMoney’s competitively low variable home loan rate,” Mr Manual said.
The announcement comes just over two months after Barry Plant launched their very own mortgage broking division, and joins a long list of real estate groups that have ties with mortgage broker arms.
In late August, Barry Plant chief executive officer Mike McCarthy said he was excited to offer customers the additional service of mortgage broking.
“Having a diversified range of services is important and mortgage broking and real estate are a logical fit,” Mr McCarthy said.
“The advice home buyers can get from a mortgage broker can be invaluable. They know a lot more than just home loans. They factor in the whole cost of buying a property including extras like stamp duty and settlement times and can advise about their real financial position before they put in an offer.”
According to Mr Manuel, eMoney is able to offer such competitive interest rates because they are an independent, online financial institution.
“Unlike our competitors, we don’t have the added cost of expensive overheads due to our online business model. As a result, our savings are passed directly onto our clients.”
In addition to home loans, eMoney also has an insurance wing, which covers a range of insurance products including mortgage protection insurance and life insurance.