Low-LVR lender continues growth trajectory
Skip – the low-deposit lender previously known as Sucasa, has joined the lender panel of mortgage aggregator outsource Financial.
Announcing the news on LinkedIn, Skip-co-founder Mario Emmanuel (pictured, left) wrote: “It’s extra special to partner with outsource as a founder-led business; CEO Tanya Sale (pictured, right) is a powerhouse and has built an exceptional community of brokers.
“As with most partnership launches, the real work begins now. Our team is eager to meet and share our market-leading low-deposit offering with the entire outsource broker community.”
Over the past year, Skip has grown its profile in the Australian alternative lending space with its unique 2% deposit home loans.
According to the group, Skip has seen triple-digit year-on-year customer growth via direct and broker channels, with particularly strong volumes in Brisbane. “The 2032 Olympic hosts were responsible for nearly 27% of all closed loans nationally in November, December and January on the Skip platform,” Skip said.
The first-home buyer bias in government homeownership support has led to an “emerging pool of ignored Aussies”, Emmanuel told MPA in February.
“Most of the policy attention has been nobly directed to helping first home buyers. We should absolutely continue to work hard to address the challenges this group faces. But we shouldn’t be doing that at the expense of millions of others.
“An obsession with first home buyers is creating an emerging pool of ignored Aussies - people who have outgrown their current footprint and are finding it harder than ever to save for a deposit for the transition to more space.”
Skip is now looking to expand its aggregator partnerships as the year progresses. “Our aim is to meet our customers wherever they choose to get a mortgage,” said Emmanuel.
Sale said the decision to onboard Skip Loans was driven by direct feedback from the broker network.
"We consistently hear from our brokers that the biggest hurdle for their clients isn’t servicing a loan – it’s the challenge of saving a sufficient deposit," Sale told MPA. "Skip’s mission of ‘helping more Australians Skip to home ownership sooner’ resonated deeply with us. We are committed to providing our members with the tools they need to solve real-world problems for their clients."
"The offering is simple, yet incredibly competitive," Sale added. "I am excited to partner with Skip and confident that their unique approach will significantly broaden our lender solutions, helping our brokers say yes more.”
