1. Can't verify the rate. A number of lenders have rates < 4.2% but most require an LVR of 60%. It's unlikely the rate would be supported by all brokers subscribing to the shonky service. This makes the ad fall into a number of categories, not the least of which is false advertising. 2. Comparison rate non-compliant, and no warning provided. Comparison size invalid. No warning even suggested. Applicable disclaimers aren't provided on any page. 3. No supporting 'anything' on the quantitative statements. Non-compliant. 4. The 'qualify' form returned the 'You Qualify' message regardless of values provided (it was the only response). This is baiting, and the practice is non-compliant, unethical, and illegal. Don't claim qualification when you're not able to provide anything close to doing so. The term 'qualify' is one that is highly regulated in the finance world. For and business, engaging in this practice is simply disgusting. For any broker using this flow directly, they might potentially lose their business (at the very least they'd see a significant fine, and would likely be dumped by their aggregator). In all we counted 12 issues that would land brokers in a world of hurt. Stop using dodgy leadgen services. It's not just that their service is crap and usually illegal - it's that their quality of lead is garbage.
