Macquarie Bank has announced the release of a new mortgage-based plan intended for borrowers that plan to make use of mortgage as a part of wealth development strategy.

The new mortgage plan dubbed as Mortgage Solutions, will provide advisers with an incorporated fiscal services product being offered to clients and borrowers to aid them in managing their cash and mortgage flow, as marketed by Macquarie.

The new mortgage product is based and designed on the study done by Macquarie Practice Consulting, which found that about 33 per cent of financial plans would possibly include mortgage offerings to their business diversification strategies.

Frank Ganis, chair of product and technology of Macquarie Adviser Services, said the study recommended that there was ample opportunity in offering a loan product that was centred on wealth development and creation.

"Our strategy is to offer an integrated financialservices product which targets a specific group of borrowers rather than take a broad-based approach," Mr. Ganis said.

"Our research indicated there is a segment of borrowers who are looking for a holistic financial package, with options they can choose from, that could help to support their financial goals."

The flagship mortgage product under the new offering plan includes options like facility level and sub accounts limit to loaning, and the Macquarie Platinum Credit Card, which according to Ganis would allow financial advisers to easily deploy and apply debt recycling and other wealth development and creation strategies.

"The Optimum Package, which is the flagship product, includes options such as the Macquarie Platinum Credit Card and the MortgageGuard insurance product," he said in a statement.

"It enables brokers to expand their service proposition to clients."