The days of going cap-in-hand to the bank for a loan are well and truly over. There is competition amongst the significant variety and number of lenders in the marketplace. This has resulted in a market of constant change as lenders introduce new features such as larger loan sizes, lower interest rates, higher LVRs and reduced early-termination fees, only to see them become standard as lenders match each other.

The message to borrowers is that irrespective of the type of borrower they are, the type of property they are purchasing or their credit rating, there is more than likely a lender who will advance the money they seek. It is simply a case of shopping around to find the right lender and the best deal.