The Australian lending market received a boost to competition recently, with a new addition to the Connective lender panel.
Having re-entered the lending market in 2012, Bluestone has joined the Connective panel.
The lender already sits on a number of aggregator panels and has plans to further extend its reach.
“Bluestone’s re-entry into the market has been met with extreme positivity,” Bluestone's general manager, Asia-Pacific, Peter Wood said.
“Brokers and aggregators have welcomed the much-needed competition we bring and the opportunity to broaden their offering and this is further demonstrated through our addition to the Connective panel,” he said.
Connective principal Mark Haron said the Melbourne-based aggregator - which now has more than 2,000 brokers - brought Bluestone on board to add further diversity to its 40-strong panel of lenders and service providers.
“Our comprehensive lender panel gives brokers access to all the major lenders and services providers to help diversify their income,” Mr Haron said.
“The non-conforming sector is fast becoming a growing opportunity for brokers and Bluestone’s offering is absolutely critical to this exciting market,” he added.