A trusted Mortgage Adviser

Wouldn't it be great to know you can trust your mortgage adviser to give you the best advice and steer you down the right path? Well you can! Here's why...

We are licensed

The mortgage industry is regulated by the industry bodies MFAA and FBAA, with a Code of Practice that requires high professional standards, fair business practices, ethical behaviour and compliance with laws and regulations.

New national regulation for the credit industry, including mortgage advisers, commenced in July 2010 (known as the National Consumer Credit Protection Act), bringing the regulation of residential investment property under the control of ASIC (Australian Securities and Investments Commission).

By law mortgage advisers have to practice "responsible lending", which means extending credit that is unsuitable to the needs and financial capacity of the consumer is an offence.

We are honest

It's standard industry practice for mortgage advisers to be remunerated by lenders and receive commission on the loans we settle. This puts us in the position to be able to negotiate with a range of lenders and mortgage providers on your behalf to find the best situation for you.

We are up front about the fees associated with our service and we will happily provide client testimonials.

We offer premium advice, service and support

It is our job to advise, educate and help you to meet your financial needs. We are well versed in financial services, have years of market experience and a wealth of market knowledge.

Combined with this expertise is the personal commitment we make to our clients to listen and respond to their needs. We care about our clients and thrive on keeping you happy and being available when you need us most.

We recently had a client who told us "you made this so easy for us - I couldn't have done it without you."
It's feedback like this - from a happy client - that reminds us why we became mortgage advisers and why we love our job!

Premium Broker

Equitimax Pty Limited ABN 40 105 746 692 trading as Premium Broker
Australia Credit Licence 392625

Vow Premium Brokers are Accredited Members of Vow Financial Pty Ltd & Mortgage & Finance Association of Australia.  (MFAA) 

Senate Rules on Exit Ban Fee

From the Mortgage Finance Association of Australia (MFAA)

Date 23/06/2011

Yesterday afternoon the Senate voted on a motion by the Coalition and Independent Nick Xenophon to disallow the Government regulation to ban exit fees. The strategy (backing the MFAA’s campaign over the past few weeks) was to bring the Government to the table to prepare an amended regulation which would have exempted smaller lenders from the exit fee ban.

Regrettably when the vote was taken, there was a 35-35 tie (Senator Fielding voted with the Government and the Greens). This meant that the motion failed and the ban on exit fees goes ahead from 1 July 2011.

In our lobbying with the Treasurer, the Greens and Senator Fielding, we were advised that they were all aware of our concerns about the lack of breadth of competition in the mortgage market, but felt that allowing exit fees to continue was not the appropriate way to deal with our concerns.

The Greens told us: “After much consideration, (we have) decided that the Greens can’t support Xenophon’s disallowance this week (thus upholding the Swan regulation re exit fees), but the Greens will be seeking further reforms from the Government to improve non-bank lenders’ access to finance.”

Although just unsuccessful by a whisker on this occasion, our campaign has certainly made a mark in Canberra and we will continue our campaign to improve the breadth of competition in the mortgage market.

Thanks to all our members who supported the advertising campaign, or supported our lobbying by writing to politicians. Your efforts have not been in vain.

The MFAA also thanks the Coalition and Senator Xenophon for taking up the cudgels on our behalf. In particular we give special thanks and appreciation to Nationals Senator John Williams for the hours of work he put in to convince the Coalition to take up the case and his continuing support in the Senate.

We’ve now made our point – the campaign for enhanced competition will continue!

Equitimax's View on this Decision
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Any regulation that reduced Bank Fees is a good one.
However the problem with this bill was that it undermines Non-Bank Lenders profitabilities more than the major banks and therefore reduced competition in the market.  Rob & John