Mortgage referral services have emerged as one of the winners in this year's round of interest-rate cuts.
The sector showed significant growth in the first half, according to mReferral Corp (HK).
Chief executive Kelvin Lo Kee-wai said mortgage-referral services gained recognition among home buyers as many developers continued to offer additional sweeteners including cash rebates and mortgage subsidies to boost residential sales.
Mr Lo said the keen competition among banks as interest rates came down provided opportunities for the mortgage-referral business when more customers were seeking advice on the numerous mortgage plans in the market.
He said weak home-buying sentiment in the first quarter had less of a negative impact on the mortgage transfer business. This was because the services, which recommend suitable mortgage preference for customers, were always in demand.
The company - a joint venture between Cheung Kong (Holdings), Midland CyberNet and American Express Bank - compares the offers of different banks and recommends one to suit its individual consumers.