Aussie Home Loans is misleading customers, complaint to ASIC alleges

Discussion in 'Loans & Mortgage Brokers' started by Gill Bates, 23rd Nov, 2019.

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  1. Gill Bates

    Gill Bates Well-Known Member

    24th Jun, 2015
    Aussie Home Loans is misleading customers, complaint to ASIC alleges
    article search via google

    Australia's biggest mortgage broker has misled customers with claims that its services are free, it is scanning the market to find the best deal and it will "find people a quality loan", a complaint to the corporate regulator alleges.

    Instead, mortgage broker aggregator Aussie Home Loans is receiving a commission of 16 basis points per year for its services and "providing people with riskier loans that take longer to repay", consumer advocacy group Choice has alleged in a complaint to the Australian Securities and Investments Commission (ASIC). ...............

    Terry_w likes this.
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney

    18th Jun, 2015
    Australia wide
    Brokers should be careful with the statements they make. I have seen many making potentially misleading and deceptive statements. asic going after the biggest one to teach a lesson
    Dean Collins likes this.

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