17 December 2017
visit http://response.ncr.com

NAB embeds in property search market

12 October 2017  |  3931 views  |  0 NAB web logo

National Australia Bank is working with online property finder realestate.com to integrate financing options with housing searches.

Buyers can instantly apply for online conditional approval for a home loan powered by NAB and have their finance information overlayed as they search. Or they can access a panel of more than 30 other lenders through realestate.com.au Home Loans.

The site features a ‘Liveability’ tool, which allows people as they search to better understand how mortgage repayments on a specific property might affect their lifestyle. Based on how much income is left over after expenses and repayments, a scale will show whether a buyer’s standard of living post-purchase would be ‘Easy’, ‘Stretched’, or ‘Struggling’.

An integrated calculator on all individual property pages is also incorporated to provide an estimate of upfront costs, like stamp duty, as well as ongoing home loan repayments.

Angus Gilfillan, NAB executive general manager of consumer lending, comments: “We want to help simplify the property-buying experience for Australians. This digital integration of search and finance means we’re making a process that is, for many Australians, quite overwhelming, a much easier part of the property journey."

Earlier this month, NAB rival ANZ acquired a startup that uses data analytics and crowdsourced market chatter to provide prospective home buyers with accurate predictions of property price momentum in Australia's fervent real estate market.

Speaking at the time, ANZ managing director customer experience and digital channels Peter Dalton said: “This is an important acquisition for our digital transformation as we know customers are increasingly turning to online resources for help as they navigate the Australian property market."

Westpac is also getting in on the act, investing another $5 million on top of an initial stake of $21.5 million in digital broker Uno home loans.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

ANZ acquires proptech startup REALas

ANZ acquires proptech startup REALas

03 October 2017  |  4951 views  |  0 comments | 4 tweets | 3 linkedin
Australia's NAB and Westpac back data sharing startup Basiq

Australia's NAB and Westpac back data sharing startup Basiq

07 June 2017  |  5461 views  |  0 comments | 2 tweets | 6 linkedin
NAB opens client access to equity investments via OurCrowd

NAB opens client access to equity investments via OurCrowd

05 June 2017  |  4407 views  |  0 comments | 4 tweets | 4 linkedin
RBC and NAB invest in financial management software firm Wave

RBC and NAB invest in financial management software firm Wave

30 May 2017  |  5398 views  |  0 comments | 7 tweets | 18 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comvisit www.niceactimize.comvisit www.thomsonreuters.info

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
10578 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
10169 views comments | 18 tweets | 36 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
7327 views comments | 9 tweets | 10 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7264 views comments | 19 tweets | 22 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6672 views 0 | 4 tweets | 2 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job