Mortgage Brokers in Toowoomba, QLD
Compare registered mortgage brokers in Toowoomba, Queensland. All listings sourced from the ASIC Credit Licensee Register.
Licensing and the Best Interests Duty
Mortgage brokers operating in Toowoomba, Queensland are regulated under the National Consumer Credit Protection Act (NCCP). Each entry below either holds an Australian Credit Licence (ACL) directly, or operates as a credit representative under a parent licensee — both arrangements are valid and supervised by ASIC. Since 2021, brokers have a legal Best Interests Duty: they must place your interests above their own when recommending a loan. Industry membership in the MFAA or FBAA is voluntary but signals additional accreditation requirements. Verify any broker's licence status through MoneySmart's professional registers tool before signing a credit application or paying any fee.
Marks, Dean James
Byron Capital Pty Ltd
Heritage And People'S Choice Limited
Jaspark Services Pty Ltd
Leaselink Business Finance Pty Ltd
Peter May Group Pty Ltd
Aust Finance & Consulting Pty Ltd
Hart Ensole Pty Ltd
Unlocked Finance Pty Ltd
Nearby Mortgage Brokers
Frequently asked questions
How are mortgage brokers paid?
Mortgage brokers in Toowoomba, Queensland are paid commission by the lender, not by you directly. Upfront commission is typically 0.5–0.7% of the loan amount; trail commission is around 0.15% per year while the loan stays active. Both must be disclosed in writing before you sign anything.
What is the Best Interests Duty for mortgage brokers?
Since 2021 mortgage brokers have a legal Best Interests Duty under the National Consumer Credit Protection Act. They must place your interests above their own when recommending a loan — this includes considering loan suitability, total cost over the life of the loan, and any conflicts of interest from commission structures.
Do brokers charge fees on top of lender commissions?
Most residential mortgage brokers in Toowoomba, Queensland do not charge clients directly — they are paid by the lender. Commercial loans, complex restructures or specialist lending can attract a broker fee, which must be disclosed in writing in the Credit Guide and Credit Quote before any work begins.
What if I'm declined for a loan through a broker?
If a lender declines your application, your broker can submit to a different lender on their panel — credit checks done within a short window typically do not compound. If multiple declines occur the broker should explain why; complaints about broker conduct go to AFCA, free for consumers.