25 June 2018
Register for the webinar today

NAB embeds in property search market

12 October 2017  |  4294 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  |  5423 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  |  6198 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  |  4732 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  |  5927 views  |  0 comments | 7 tweets | 18 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit https://secure.vasco.comVisit https://info.nice.com/

Top topics

Most viewed Most shared
GPS raises £44 million to fund international growthGPS raises £44 million to fund intern...
30202 views comments | 7 tweets | 8 linkedin
ING and BNP Paribas invest in blockchain-powered trade platform TradeIXING and BNP Paribas invest in blockchain-p...
8641 views comments | 16 tweets | 28 linkedin
Spanish banks move ahead with blockchain platform for digital IDsSpanish banks move ahead with blockchain p...
7427 views comments | 21 tweets | 27 linkedin
Brazilian regulators to share data over private blockchain platformBrazilian regulators to share data over pr...
7121 views comments | 9 tweets | 11 linkedin

Featured job

Six-Figure Base + OTE + Benefits
London, UK

Find your next job