Firstfolio enters distribution partnership with mortgage broking specialist Blue Coast Finance

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Mortgage provider Firstfolio has teamed up with broker Blue Coast Finance to expand its services on the eastern seaboard. Under the partnership Firstfolio financial products will be offered through the Blue Coast network of brokerage offices, stretching from Brisbane to Maitland in New South Wales. There will also be co-branded offices on Burleigh Heads and Maitland with co-funded marketing initiatives taking place. Mark Forsyth, chief executive of Firstfolio said Blue Coast would be a valuable partner for Firstfolio in key regional markets spanning central New South Wales and south east Queensland. "Feedback from the Blue Coast network of broking offices suggests Firstfolio products have broad appeal in these markets. We look forward to working with their team of mortgage professionals to expand sales of the Firstfolio product range, to the benefit of both companies," said Forsyth. Firstfolio's partnership with Blue Coast follows its recent acquisition of a further 39.27% stake in Lawfund Australia, taking the company's holding in the large mortgage aggregator to 81.67%. The ASX-listed company now has more than 420 mortgage broking partners throughout Australia, including 26 groups signed in the past two months. Its residential mortgage book now stands at more than $6.9 billion. Blue Coast Finance, based in Burleigh Heads, Queensland, was established in 2004. It provides services to key regional markets spanning central New South Wales in the Hunter Valley, and south east Queensland in Brisbane, the Sunshine Coast, and the Gold Coast.

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