Real estate company RE/MAX Australia has launched a finance arm in partnership with mortgage aggregator Vow Financial to offer a full suite of financial services to homebuyers.
Under the joint venture, finance brokers will trade as Australian Property Finance and work with RE/MAX agents. Nathan Swain has been appointed as chief executive.
"Working collaboratively, the partnership between finance and real estate — between finance brokers and sales agents — means an expanded quality service for consumers," RE/MAX Australia managing director Michael Davoren said.
The services include insurance, wealth creation, legal and lending. Finance brokers will advise new and refinancing borrowers on commercial, residential and personal loans.
Vow chief executive Tim Brown said RE/MAX franchises are predominantly based in Queensland, a region in which Vow was looking to expand.
"In addition, the joint venture will provide brokers with a new source of business leads," he said.