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:

Rate this article

Sign in with Google to rate

0 Comments

No comments yet. Be the first to share your thoughts.

Finance News

Surge in Personal Loans as Australians Face Cost of Living Pressures
Surge in Personal Loans as Australians Face Cost of Living Pressures
11 Jun 2026: Paige Estritori
In the first quarter of 2026, Australians borrowed a record $5.1 billion in new personal loans, according to the Australian Bureau of Statistics. This significant increase reflects the mounting financial pressures many individuals are experiencing due to rising living costs. - read more
Reserve Bank of Australia Maintains Cash Rate at 4.35%
Reserve Bank of Australia Maintains Cash Rate at 4.35%
11 Jun 2026: Paige Estritori
In its June 2026 meeting, the Reserve Bank of Australia (RBA) unanimously decided to keep the cash rate steady at 4.35%. This decision reflects the central bank's cautious approach amid ongoing economic uncertainties. - read more
MONEYME Completes Significant $365.4 Million ABS Transaction
MONEYME Completes Significant $365.4 Million ABS Transaction
11 Jun 2026: Paige Estritori
Fintech lender MONEYME has successfully executed a $365.4 million personal loan asset-backed securities (ABS) transaction through the MME PL ABS 2026-1 Trust. This marks the company's largest ABS transaction to date and its third public capital markets transaction for the financial year, bringing total ABS issuance to over $1 billion. - read more
Click for more Finance News


Finance Articles

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
A Complete Guide to Caravan Financing: Securing Your Mobile Haven
A Complete Guide to Caravan Financing: Securing Your Mobile Haven
Caravans have surged in popularity across Australia, offering an unmatched fusion of comfort and mobility. This beloved mode of travel grants you the liberty to discover hidden gems off the beaten path while bringing along the comforts of home. With the rise of remote work and the enduring spirit of wanderlust, caravans provide a flexible lifestyle choice for adventurers, retirees, and families alike. - read more
Understanding the Fine Print: Fees and Charges in Personal Loans
Understanding the Fine Print: Fees and Charges in Personal Loans
Personal loans are a type of unsecured credit that allows individuals to borrow money for various personal expenses, including consolidating debt, making home improvements, or funding significant life events. Unlike secured loans that require collateral, personal loans rely on your creditworthiness, making them an accessible option for many Australians. - 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
Personal Loan:
a loan that is granted for personal use, normally unsecured and granted by a lender on the borrower's integrity and capacity to repay

|   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.