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

CEFC's $100 Million Investment to Accelerate Electric Vehicle Adoption
CEFC's $100 Million Investment to Accelerate Electric Vehicle Adoption
13 Apr 2026: Paige Estritori
The Clean Energy Finance Corporation (CEFC) has announced a significant investment of $100 million to facilitate the adoption of electric vehicles (EVs) across Australia. This initiative is designed to provide discounted financing options for both new and used eligible EVs, making sustainable transportation more accessible to consumers and businesses alike. - read more
NSW Government Launches Kick-Start Funding for Electric Vehicle Fleets
NSW Government Launches Kick-Start Funding for Electric Vehicle Fleets
13 Apr 2026: Paige Estritori
The New South Wales (NSW) Government has initiated the latest round of its Electric Vehicle (EV) Fleet Kick-Start Funding, aimed at assisting businesses in transitioning their vehicle fleets to electric models. Applications for the 2025-2026 financial year are now open and will close on 29 May 2026. - read more
AFIA Reports Significant Growth in Electric and Hybrid Vehicle Financing
AFIA Reports Significant Growth in Electric and Hybrid Vehicle Financing
13 Apr 2026: Paige Estritori
The Australian Finance Industry Association (AFIA) has released its latest Electric Vehicle (EV) & Hybrid Finance Report, revealing a substantial increase in financing for electric and hybrid vehicles. In 2025, financing surged to $7.37 billion, marking a 20% year-on-year growth as nearly 130,000 Australians transitioned to cleaner transportation options. - read more


Finance Articles

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
The Role of Business Insurance in Protecting Your Australian Enterprise
The Role of Business Insurance in Protecting Your Australian Enterprise
Starting and running a business in Australia can be an exhilarating experience, full of opportunities for growth and success. However, it also comes with its fair share of risks and uncertainties. From unexpected natural disasters to potential legal disputes, the threats to the sustainability of a business are ever-present. This is where business insurance becomes pivotal as a protective tool for Australian enterprises. It provides the much-needed safety net to help businesses mitigate potential losses and continue operations with confidence. - 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
Mortgage Broker:
A person or company that acts as an intermediary between borrowers and lenders, but does not lend money directly.