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Greg Pennells on ‘Mortgage and Finance Leader’ Podcast: A Candid Discussion on Mortgage Aggregation

We have some exciting news to share: Greg Pennells, our co-founder, recently made a special appearance on The Adviser’s podcast, ‘Mortgage and Finance Leader.’ In this insightful episode, host Annie Kane engages in a deep conversation with Greg, shedding light on the evolving landscape of mortgage aggregation.

Listen In!

To hear the full conversation, tune into the latest episode of ‘Mortgage and Finance Leader’ below and join us in exploring the future of mortgage aggregation.

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.