We have some exciting news from Shore Financial, our exclusive finance partner and the No.1 independent brokerage in Australia for the past five years. Shore has essentially revolutionised the mortgage process with the introduction of Shore Private and the launch of a cutting-edge loan product. The pioneering credit technology securely integrates with your bank and valuates the property for touch-of-a-button loan approval. Shore Financial can then customise a loan solution for home, investment or refinancing all within 15 minutes with no lenders mortgage insurance.

Shore’s CEO Theo Chambers explains, “We’re so thrilled to have launched this ground-breaking technology and software. After several years in research and development, it’s finally ready to help buyers get super-quick approval and really competitive rates in a much more user-friendly way. It’s perfect timing too as the banks are currently so inundated with loan applications and record amounts of enquiry that it takes up to 28 business days for conditional approval. This technology uses algorithms to assess risk and issues automated valuations using RP Data giving users formal approval within 15 minutes. We’ve seen so many clients miss out on a property as they’ve not been able to get approval quick enough that this really is a game changer.”

Shore Private – Our New White Label Product (shorefinancial.com.au)

What makes the product even more appealing is that interest rates start at 1.99% (the current average is 2.5%) as the technology cuts out a lot of unnecessary costings in terms of labour. If the loan is for refinancing, you don’t even have to wait for the discharge of title deeds from your current lender as Shore can issue a new loan and organise the deed transfer after the loan is funded making the whole process so much more efficient and straightforward, allowing refinances to be processed in five to six days instead of the usual five to six weeks. If you’d like to find out more, click on Shore Private – A Better Home Loan Experience on Vimeo for a one-minute introduction video. Alternatively, if you’d like to get Free Home Loan Check and calculate the potential savings of refinancing within days, click PPD Real Estate & Pence | Partnering to check your loan health.

This week the sales team secured 15 sales with an average price of $3m and listed 17 new properties. Take care, stay safe and keep connected.