Finance Australia
... financing Australian dreams
Finance Australia :: News
SHARE

Share this news item!

Westpac Divests RAMS Mortgage Portfolio in Strategic Sale

Consortium Acquisition Marks Significant Shift in Mortgage Market Dynamics

Westpac Divests RAMS Mortgage Portfolio in Strategic Sale?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

On November 3, 2025, Westpac Banking Corporation announced an agreement to sell its RAMS mortgage portfolio, valued at A$21.4 billion, to a consortium comprising Pepper Money, investment firm KKR, and asset manager PIMCO.
The sale is at a slight premium to the gross loan value of the portfolio to be transferred at completion.
However, Westpac anticipates incurring a loss on the sale after accounting for transaction costs and other financial adjustments.

This divestment reflects Westpac's strategic shift or repositioning within its lending business. By offloading the RAMS portfolio, Westpac aims to streamline its operations and focus on core banking activities. For the acquiring consortium, this acquisition represents a significant expansion in the Australian mortgage market, potentially offering more competitive loan products and services to consumers.

For existing RAMS customers, the transition to new ownership may bring changes in loan management and customer service. It's advisable for borrowers to stay informed about any updates from the new loan servicers and understand how this change might affect their mortgage terms and conditions.

Published:Sunday, 16th Nov 2025
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

Share this news item:

Finance News

Record Electric Vehicle Sales in Australia Amid Fuel Price Surge
Record Electric Vehicle Sales in Australia Amid Fuel Price Surge
29 Apr 2026: Paige Estritori
Australia has witnessed a significant surge in electric vehicle (EV) sales during March 2026, with more than 15,800 new electric cars sold, marking the highest monthly total recorded in the country. This remarkable growth is largely attributed to escalating fuel prices, driven by geopolitical tensions in the Middle East, which have prompted consumers to seek more cost-effective and sustainable transportation options. - read more
Australian EV Sales Surge to 17.9% Market Share in March 2026
Australian EV Sales Surge to 17.9% Market Share in March 2026
29 Apr 2026: Paige Estritori
In March 2026, electric vehicles (EVs) in Australia achieved a record market share of 17.9%, marking a significant milestone in the country's transition to sustainable transportation. This surge is largely attributed to escalating fuel prices, prompting consumers to seek more economical and environmentally friendly alternatives. - read more
Rising Fuel Prices Spark Increased Interest in Electric Vehicles Across Australia
Rising Fuel Prices Spark Increased Interest in Electric Vehicles Across Australia
29 Apr 2026: Paige Estritori
As fuel prices continue to climb across Australia, there has been a notable surge in consumer interest and sales of electric vehicles (EVs). Data from early 2026 indicates that Australians are increasingly considering EVs as a cost-effective and sustainable alternative to traditional petrol-powered cars. - read more
Click for more Finance News


Finance Articles

The Ultimate Cheat Sheet for Aussie Borrowers: Top Loan Comparison Strategies
The Ultimate Cheat Sheet for Aussie Borrowers: Top Loan Comparison Strategies
In the dynamic world of Australian finance, securing a loan can be a pivotal move for individuals seeking to achieve their financial goals. Whether it's for purchasing a dream home, expanding a business, or simply consolidating debt, the importance of smart loan comparison cannot be overstated. With an array of lending products available, borrowers are often faced with a bewildering choice. That's why equipping yourself with powerful loan comparison strategies is not just important, it's essential. - read more
Online Loan Application Essentials: What to Know Before You Click Submit
Online Loan Application Essentials: What to Know Before You Click Submit
Welcome to the digital age, where online loans in Australia offer convenience and accessibility like never before. With a few clicks, financing for your next big purchase or consolidation of existing debts is at your fingertips. However, venturing into the world of online lending without a compass can leave you navigating choppy waters. - read more
The Ultimate Car Loan Checklist for First-Time Borrowers in Australia
The Ultimate Car Loan Checklist for First-Time Borrowers in Australia
Welcome to the world of car ownership! If you're a first-time borrower in Australia, you're likely to feel a mix of excitement and apprehension. Acquiring a car loan is a significant financial responsibility, and navigating through the options can be daunting. This introductory guide is designed to set you on the right path to making a well-informed decision. - read more


Free Loan Eligibility Assessment

Loan Amount:
Postcode:

All quotes are provided free and without obligation by a specialist from our national broker referral panel. See our privacy statement for more details.


Knowledgebase
Cost of Capital:
The required return necessary to make a capital budgeting project, such as building a new factory, worthwhile.

|   HOME   |   RATES   |   CALCULATORS   |   NEWS   |   ARTICLES   |   ABOUT   |   CONTACT   |   PRIVACY   |   BROKERS   |   SITEMAP   |  
This website is owned and operated by Clark Family Pty Ltd (ACN 010 281 008) as Trustee for the Clark Family Trust (ABN 35 957 893 714), 43 Larch Street Tallebudgera QLD 4228. Clark Family Pty Ltd is an Authorised Representative (AR 1298860) of Unique Group Broker Services Pty Ltd (AFSL 509434) for financial product referrals and an Authorised Credit Representative (ACR 401491) of Saccasan Pty Ltd (ACL 386297). Check our licensing details on the ASIC registers: Clark Family Pty Ltd ACR, Clark Family Pty Ltd AR, Saccasan Pty Ltd, Unique Group Broker Services.