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Purple Circle Financial Services Welcomes Three Award-Winning Mortgage Brokerages

purple circle winning broker aggregators

Leading Boutique Aggregator, Purple Circle Financial Services today announced the addition of three award-winning mortgage brokerages to its growing member base.

Purple Circle Financial Services is committed to providing the highest-quality support and services to its members and the addition of these three brokerages further strengthens its position as a leader in the industry.

Top One Finance, Straight Line Finance, and Evershine Finance have all been recognised for exceptional performance in the mortgage industry. These brokerages have built a reputation for providing excellent customer service and delivering successful mortgage solutions to clients.

Top One Finance owner Andy Wisata says “In seeking the right aggregation partner we spoke with many different aggregation groups. Joining Purple Circle made sense on so many levels for my team. Their combination of old-fashioned service together with cutting-edge technology, ensures we get exceptional first-person support as well as all the tools needed to wow our home loan clients and better manage our business”.

Sam Wong from Straight Line Finance said, “Purple Circle’s unique share offering and collaborative model means we get to play an integral part of this dynamic and fast-growing aggregator.”

Eric He of Evershine Finance said “We wanted a real relationship that brings tangible value-adds to our business”. Purple Circle founder Greg Pennells said “We are already recognised as the leading option for brokers who want more from their aggregator. These three groups highlight the fact we are also the best group for quality brokerages.” The company’s unique approach to member share-ownership and its unfailing commitment to service have made it the preferred choice among mortgage brokers Australia-wide.

“We are thrilled to welcome Andy, Sam, Eric and their respective teams into our network,” said Frank Paratore, Director at Purple Circle Financial Services. “We could not be more excited to have been chosen as their aggregator partner.”

Corporate Contact:

Company Profile – Purple Circle Financial Services

The term ‘Purple Circle’ means ‘an invitation-only meeting of like-minded people.’

About Purple Circle Financial Services

Purple Circle Financial Services is a leading award-winning boutique aggregator, offering a wide range of products and services to its members. With a commitment to exceptional service and a focus on providing innovative solutions, Purple Circle Financial Services has established itself as a leader in the industry.

Frank Paratore

Director Purple Circle Financial Services

[email protected]

Mobile: 0417 137 057

Small and Medium Enterprises (SME) Guarantee Scheme

The Scheme will enhance lenders’ willingness and ability to provide credit and will be available for new loans made by participating lenders until 30 September 2020.

The Government will provide eligible lenders with a guarantee of 50% per cent of new loans. Some generic terms are:

  • Businesses with a turnover of up to $50 million.

  • Maximum total size of loans of $250,000 per borrower.

  • Loans will be up to three years, with an initial six month repayment holiday.

  • Unsecured finance, meaning that borrowers will not have to provide an asset as security for the loan.

Reduced Interest Rates

Consider your current banking arrangements. The Reserve Bank has recently reduce the cash rate and lenders have passed this on to various loans they have.

Instant Asset Write Off

An increase in the instant asset write-off threshold from $30,000 to $150,000 30 June 2020.

Deferment of Loan Repayments for up to 6 Months

The banks are developing their own approach as to how to deal with requests from their clients for repayment holidays. Some are automatically granting the request, others are assessing the requests individually.