Switch my Mortgage is operated by Drinkwell Davies Pty Ltd (ACN: 609 261 789). Australian Credit License – 510320

Address: PO Box 245, Doreen, VIC, 3754 Tel: 0481 556 100
Email: mark@drinkwelldavies.com

Broker Group

Pennley Pty Ltd (Choice) (“broker group”) (ACN: 071 979 498)

This document provides you with information relating to our activities. It contains information about various fees and charges that may be payable by you to us, as well as about certain commissions we may receive, or we pay to certain third parties. It also contains information about what you should do if you have a complaint or dispute in connection with our services.


We give you credit assistance when:

  • We assist you to apply for a particular loan;
  • We suggest you apply for a particular loan (or suggest you apply for an increase to an existing loan); or
  • We suggest you remain in your current loan.


Before we provide credit assistance to you, we assess whether the particular loan is suitable for you. To do this, we need to make reasonable inquiries and verify that:

  • The loan or increase will meet your requirements and objectives; and
  • You can meet the proposed repayments.

We won’t be able to give you credit assistance if our assessment shows that:

  • You won’t be able to meet the proposed repayments without substantial hardship; or
  • The loan won’t meet your requirements or objectives.


If we provide you with credit assistance, you can ask us for a copy of our assessment any time up to 7 years after we provide you with a credit assistance quote. To request a copy please contact us. We will provide you with a copy:

  •  Within 7 business days after the day we receive your request – provided you make the request within 2 years of the date of our credit assistance quote; or
  •  Otherwise, within 21 business days after the day we receive your request.


Switch my Mortgage is operated by Drinkwell Davies Pty Ltd (ACN: 609 261 789).Australian Credit License – 510320

Address: PO Box 245, Doreen, VIC, 3754 Tel: 0481 556 100
Email: mark@drinkwelldavies.com


We are authorised to engage in credit activities including providing credit assistance.

Subject to meeting credit criteria, we are able to assist you to obtain loans for you from a broad range of lenders through our broker group.

The following are the lenders with whom we generally conduct the most business:

  •  ANZ Bank
  •  NAB
  • Commonwealth Bank of Australia
  • Westpac Banking Corporation
  •  ING
  • Adelaide Bank
  • Choicelend
  •  Macquarie
  •  Bluestone
  •  Suncorp
  • MyState
  • Bank of Melbourne
  • Bankwest
  • Liberty Financial
  • LaTrobe Financial
  • Virgin Money



We sometimes charge a fee for providing credit assistance. More detail about any such fee will be set out in a mandated quote document we will give to you before we provide you with credit assistance.


You may have to pay other fees and charges (such as an application fees, valuation fees and other fees) to the lender, or other parties. You should review the disclosure documents and your loan contract for further details of any such fees and charges.



We have appointed our broker group as our agent to receive commissions from lenders and to pay us commission in relation to loan contracts for which we provide credit assistance. The total amount of commission we may receive in relation to your loan may vary depending on the lender, the term, the features, the amount of the loan you ultimately choose and the amount and timing of the repayments that you make.

Loan Contracts such as Home Loans, Investment Property Loans and Personal Loans

Upfront commission payable by lenders in relation to loans is calculated as a percentage of the loan amount and is generally in the range of 0.40 % and 1.76 % of the loan amount. It is usually paid after settlement of the loan.

Trail commission payable by lenders in relation to loans is generally calculated regularly (monthly, bi-monthly, quarterly, or annually) on the outstanding loan balance and is paid in arrears. The trail commission payable by lenders is generally in the range of 0.11 % per annum and 1.10 % per annum of the outstanding loan amount.

Further details of the commission earned by us will be included in the credit proposal disclosure document we will provide to you at the same time as we provide you with credit assistance.

You can request information from us about the fees that we are likely to receive, how those fees are calculated, and our reasonable estimate of the fees or commissions that will be payable.


If a third party has introduced you to us or referred you to us, we may pay them a commission or a fee.

We obtain referrals from a range of sources, including real estate agents, accountants, financial planners or other people.

Further information about referral commissions, including our reasonable estimate of the amount of any commission payable and how it is calculated is available from us on request and will be included in the credit proposal disclosure we will supply to you when we provide you with our credit assistance.

Privacy Statement

We need to collect personal information about you to provide you with our broking & related services. This privacy statement tells you how we collect your information, what we use the information for and who we share the information with. If we collect information that can be used to identify you, we will take reasonable steps to notify you of that collection.

How information is collected from you

We will collect your information from you directly whenever we can, like from enquiries we make of you when you seek credit assistance from us. We may verify that information from sources referred to in the responses to those enquiries or in this privacy statement.

How information is collected from other sources

Sometimes we will collect information about you from other sources as the Privacy Act 1988 permits. We will do this only if it’s reasonably necessary to do so, for example, where:

  • We collect information from third parties about a loan or lease in relation to which you seek our services;
  • We can’t get hold of you and we rely on public information to update your contact details; or
  • We exchange information with your legal or financial advisers or other representatives.
  • When the law authorises or requires collection of information
  • Some law may require us to collect personal information about you. For example, we may require your information to verify your identity under Australian Anti-Money Laundering law.
  • How your information may be used

We may use your information for purposes including:

  • giving you credit assistance;
  • giving you information about loan products or related services;
  • considering whether you are eligible for a loan or lease or any related service you requested;
  • assisting you to prepare an application for a lease or a loan;
  • administering services we provide, for example, to answer requests or deal with complaints;
  • administering payments we receive, or any payments we make, relating to your loan or lease;
  • identifying you;
  • telling you about other products or services we make available and that may be of interest to

    you, unless you tell us not to;

  • telling you about other suppliers, with whom we have arrangements, that supply goods or

    services that may be of interest to you;

  • allowing us to run our business efficiently and perform general administrative tasks;
  • preventing or investigating any fraud or crime or any suspected fraud or crime;
  • as required by law, regulation or codes binding us; and
  • any purpose to which you have consented.

You can let us know at any time if you no longer wish to receive direct marketing offers from us.

We will process your request as soon as practicable.

What happens if you don’t provide information?

If you don’t provide your information to us, it may not be possible to:

  • assist in finding a loan or lease relevant to your circumstances;
  • verify your identity or protect against fraud; or
  • let you know about products or services that might be suitable for your financial needs.

Privacy Statement

Sharing Your Information

We may use and share your information with other organisations for any purpose described above.

Sharing with your representatives and referees We may share your information with:

  • your representative or any person acting on your behalf (for example, lawyers, settlement agents, accountants or real estate agents); and
  • your referees, like your employer, to confirm details about you.

Sharing with third parties
We may share your information with third parties in relation to services we provide to you or goods or services in which we reasonably consider you may be interested. Those third parties may include:

  • the mortgage aggregator through whom we may submit loan or lease applications to lenders

    or lessors on the mortgage aggregator’s panel;

  • the Australian Credit Licence holder that authorises us to engage in credit activities;
  • referrers that referred your business to us;
  • financial services suppliers with whom we have arrangements;
  • valuers;
  • lenders, lessors, lender’s mortgage insurers and other loan or lease intermediaries;
  • organisations, like fraud reporting agencies, that may identify, investigate and/or prevent

    fraud, suspected fraud, crimes, suspected crimes, or other misconduct;

  • government or regulatory bodies as required or authorised by law. In some instances, these

    bodies may share the information with relevant foreign authorities;

  • guarantors and prospective guarantors of your loan or lease;
  • service providers, agents, contractors and advisers that assist us to conduct our business;
  • any organisation that wishes to take an interest in our business or assets; and
  • any third party to which you consent to us sharing your information.
  • Other organisations that assist us, such as mailing houses, printers, lawyers, debt collectors, accountants and other auditors. Some of these organisations may be overseas. Countries in which your information may be accessed include India.

Sharing outside of Australia
We are not likely to disclose your information to organisations overseas. However, we may store your information in cloud or other types of networked or electronic storage. As electronic or networked storage can be accessed from various countries via an internet connection, it’s not always practicable to know in which country your information may be held.

Privacy Policy

You can find out more about how we manage your information by reading our Privacy Policy available by contacting us. Please see our contact details above. [Also, you can read and obtain a copy of that policy at our website address set out above.] Our Privacy Policy sets out how you can ask us to access and seek to correct information we hold about you and how you may complain against us about a privacy issue.

Information about other people

If you give information to us about another person (like your co-applicant) in relation to the services we provide, you will let that other person know that:

  • we have collected their information to provide those services or for any other purpose set out

    in this privacy notice;

  • we may exchange this information with other organisations set out in this privacy notice;
  • we handle their personal information in the way set out in our Privacy Policy and this privacy notice and they can:
    • access or request a copy of that privacy policy or this privacy notice; or
    • access the information we hold about that other person, by using our contact details above; and
  • we may not be able to provide those services to you unless we obtain their information.