Q. |
I have a long established
history with my Bank – why would I need to look any further? |
A. |
While your current lender may have provided what you needed
in the past, this may no longer be relevant to your current
situation. The fact is that your lender can only deliver to
you one set of products and one credit policy. That lender may
well be providing you with its best product, but is it the best
the market can offer? Further, if your lender has not grown
with you, you may find that you are making important lifestyle
and investment decisions around its credit policy.
At PFA, we will find a lender that fits your requirements, not
the other way around thereby helping you realise your full potential
in terms of both lifestyle and cost. |
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Q. |
Don’t brokers just place
my business to the lender that pays them the best commission? |
A. |
We are here to do the right thing by you, the client. This
entails placing you with the lender and product best suited
to your needs. PFA believe in full transparency with commissions,
fees and charges and Commission Schedules are supplied to all Clients.
We are also focused on long term relationships
which means that we need to do what is best for you so that
we may be able to assist further in the future. |
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Q. |
What is the benefit in using the
services of PFA? |
A. |
PFA has the experience, skill, contacts and industry knowledge
to be best placed to arrange your finance needs. We believe
that in the interests of efficiency we should stick to our strengths
whatever our vocation. After all, you have nothing to lose as
PFA does not charge for initial consultations.
Up to one hour of your time is the only investment you need
make to discuss your goals with PFA. From there, PFA will analyse
facts and data provided by you, research the appropriate market,
in certain transactions, negotiate an attractive deal unique
to you, the client, provide a quote, and justify recommendations
made. An application is then taken, further analysis of facts
and data is undertaken, a proposal is submitted on your behalf
to the lender and the approval and documentation process is
managed right through until settlement.
PFA will keep you updated every step of the way – we prefer
to be communicatively proactive rather than being chased for
feedback.
Where PFA recognises areas that may require some attention
such as taxation, estate planning, investment and legal but are not
legally qualified to provide such advice, we are well placed to refer you
to the appropriate vetted professional. We place a high value in surrounding
ourselves with the right people in life as well as business
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Q. |
What if my financial returns
are not up to date? |
A. |
This is not an insurmountable setback as PFA is accredited
with approximately 20 lenders who are not insistent on seeing
financial information. In some cases, you do not even need to
declare an estimated income figure. |
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Q. |
Why would I refinance? |
A. |
In our experience, the majority of home borrowers are paying
excessive interest rates and fees. Many may have started on
a honeymoon type rate, but are now coasting along on a standard
variable where they could be doing much better.
Further, your personal circumstances may have changed such as
starting a family, commencing a new business, looking to improve
your property, moving homes or are simply looking for a better
deal. |
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Q. |
Are you able to assist me if
I have several defaults listed on my credit report or have recently
come out of bankruptcy? |
A. |
PFA is accredited with several lenders that specialise with
this exact style of client profile. You may be surprised as
to how big the problems are that we can cope with. |
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Q. |
I have separated from my partner,
have lost any equity we had in our residence and need to start
again with a place of my own – is there anything you can
do for me? |
A. |
PFA is able to arrange up to 110% finance for selected borrowers. |
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Q. |
What will it cost me? |
A. |
Given the size of the lender panel it seems that there is
always a lender with a nil establishment fee special on for
residential type transactions. PFA often writes loans with nil
Establishment Fees, nil Valuation Fees, nil Legal Fees, nil
Ongoing Fees and nil Brokerage at extremely competitive rates.
PFA will rarely charge a brokerage to the client. The exceptions
here are where the lender does not pay PFA a fee, some commercial
transactions, reworks and difficult to place deals. |
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Q. |
Can I access products through
a broker that would otherwise be unavailable if I was to approach
a lender directly? |
A. |
The benefit of using a broker is that there will be lenders
with exclusive special fee specials on from time and some brokers
such as PFA have the ability to be able to negotiate for further
discounts for strong applicants. The reality is also that a lender
knows there are multiple loans per month to be referred from a broker
as distinct from an individual applicant, perhaps once every few years.
This means that rightly or wrongly, PFA and its clients are more
likely to be favoured in terms of service, terms and pricing. |
