{"id":31426,"date":"2021-06-09T10:00:08","date_gmt":"2021-06-09T00:00:08","guid":{"rendered":"https:\/\/channels.realty.com.au\/realtytalk\/?p=31426"},"modified":"2021-06-09T10:23:31","modified_gmt":"2021-06-09T00:23:31","slug":"the-bid-process-and-what-it-means-to-you-and-i","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/the-bid-process-and-what-it-means-to-you-and-i\/","title":{"rendered":"The BID process and what it means to you and I"},"content":{"rendered":"<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Over 60% of all new home loans in Australia are now facilitated by mortgage brokers. In measures to further strengthen the protection of Australian borrowers, ASIC introduced the new Best Interests Duty or BID process on 1<\/span><span style=\"font-weight: 400\">st<\/span><span style=\"font-weight: 400\"> January this year. \u00a0 So what is BID and what does it really mean to you and I?<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over 60% of all new home loans in Australia are now facilitated by mortgage brokers. In measures to further strengthen the protection of Australian borrowers, ASIC introduced the new Best Interests Duty or BID process on 1st January this year. \u00a0 So what is BID&#8230;<\/p>\n","protected":false},"author":176692473,"featured_media":31428,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,34,10,11,13,36,142,22,24,25,27,29],"tags":[],"class_list":["post-31426","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-buying-a-property-topic","category-finance-topic","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-property-investment-topic","category-real-estate-talk","category-research-topic","category-shows","category-sponsored-channels","category-trends-topic","category-video","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The BID process and what it means to you and I - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/the-bid-process-and-what-it-means-to-you-and-i\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The BID process and what it means to you and I - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"Over 60% of all new home loans in Australia are now facilitated by mortgage brokers. 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