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Is it time to trade in your old broking group?

best aggregator for mortgage brokers

Let’s face it, some aggregators have serious mileage on their clocks.

Their engines are out-dated legacy models using too much fuel and under-powered by today’s standards.


Despite this their many owners over the years squeezed as much out of them as they possibly could, before passing them on like an unwanted gift to the next owner.

The paintwork is chipped and their tyres have no tread. But still, they keep going…

Now that the holidays are over and a new year beckons, the time is right to treat yourself to a new and improved model.

Today’s challenger aggregators are operating platforms from which brokers contribute to and learn from.

Innovative platform style businesses give up the old overarching control levers, instead allowing everyone full collaboration, inclusion and transparency. They encourage members to not ‘hoard’ their good ideas but throw them in the pot for all to learn and grow from.

Last year’s ‘Innovator of the Year‘ and ‘Boutique Aggregator of the Year’ 2020 at the ABA’s, multiple award finalist Purple Circle Financial Services leads a new breed of aggregator.

Giving it’s members shares and living by an ethos of inclusion and mutuality, ‘Empowering Brokers’ is at the heart and soul of the company.

Believing every broker member has something to contribute, PCFS brokers are involved in important company decisions like lender panel, CRM software platforms, app. integrations etc.

Only 6 years young, Purple Circle recently went past the magical $2.5 billion in settled loans and last year grew it’s broker member numbers by a whopping 213%.

Purple Circle’s open platform methodology is attracting brokers who have grown tired of being treated like a number and are ready to embrace a new breed of mortgage broking support.


If you would like to know more, please contact the team.

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.