A broker with a large lender panel can compare dozens of banks and lenders for you, not just one or two, and lodge applications with them electronically. The real value is knowing which lender suits which client: some prefer self-employed borrowers, some focus on standard home loans, and for equipment finance each has its own rules on what it will fund, for how long, and whether it must be new or second-hand. Most of that detail isn't published online.

In this video, McKern mortgage broker Mark Jones explains how McKern Finance uses its panel of around 37 lenders, including the four major banks and second-tier lenders, to match clients with the right lender, with an example of the lenders he'd typically target for a construction business.

In this video

0:00 How many lenders can a broker access?

1:12 Finding the right lender for your industry

1:46 Can you research this yourself?

General information only, not personal advice.