Macquarie Bank Boosts Support for Mortgage Brokers

Macquarie Bank is doubling on its support for the broker industry in a new nationwide advertising campaign encouraging Australians to speak to a mortgage broker.

Macquarie's 'Built for brokers, loved by customers' campaign will be featured on billboards in major capital cities across Australia from today and encourages homebuyers and homeowners to speak to one of the country's more than 22,000 mortgage brokers about a Macquarie home loan.1 With interest rates falling, Macquarie believes customers entering the market for the first time or refinancing their existing home loan could stand to benefit by using a mortgage broker.

Ben Perham, Head of Personal Banking at Macquarie Bank, said: "Brokers are the lifeblood of Australia's mortgage industry, helping to drive competition and enhance choice for households as they make one of the biggest financial decisions of their life. By helping customers independently compare the offerings of all banks, we think brokers can and should continue to play a central role in helping Australians navigate the mortgage market. That's why we're encouraging households to speak to a mortgage broker and ask them about a home loan with Macquarie."

Brokers are essential to the home loan market, with 75% of all new Australian home loans now arranged by brokers.1 Mortgage brokers have a duty to act in the best interests of their customers, helping to find the best deal and package of benefits that meet their individual circumstances.

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