Mortgage Brokers in Balcatta, WA
Compare registered mortgage brokers in Balcatta, Western Australia. All listings sourced from the ASIC Credit Licensee Register.
Licensing and the Best Interests Duty
Mortgage brokers operating in Balcatta, Western Australia 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.
Advanced Finance Pty Ltd
Bindel, Ernest Charles
Mortgage & Finance (Holdings) Pty Limited
Nedkoff Rowe Pty. Ltd.
Piperside Nominees Pty Ltd
Select Mortgage Services Pty Ltd
Shores, Dallas Trevor
Front Line Financial Solutions Pty Ltd
Lynne Hay & Associates Pty Ltd
Image Financial Group Pty. Ltd.
In Front Australian Business Solutions Pty Ltd
Vip Finance Wa Pty Ltd
National Home Finance Pty Ltd
Nearby Mortgage Brokers
Frequently asked questions
How are mortgage brokers paid?
Mortgage brokers in Balcatta, Western Australia 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 Balcatta, Western Australia 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.