Aussie Home Loans partners with Virgin Money

Aussie Home Loans partners with Virgin Money
Aussie Home Loans partners with Virgin Money

Australian mortgage franchise Aussie Home Loans has announced a partnership with financial services giant Virgin Money Australia – with the firm’s home loans now on Aussie’s panel of 21 lenders.

“Our link with the Virgin Money brand in Australia brings together two leading challenger brands, both focused on delivering greater competition to the home loan market together with strong customer service,” said James Symond, chief executive of Aussie.

Virgin launched a new mortgage product in May, the Reward Me Home Loan, which offers customers Velocity Frequent Flyer for every $100,000 borrowed at settlement, 1,000 each month for each loan split, plus 30,000 every three years.

“We’re excited to be partnering with Aussie,” said Greg Boyle, chief executive of Virgin Money Australia.

Virgin Money Australia restarted offering home loans through mortgage brokers, taking a page from its success in the United Kingdom in order to make their home loans profitable.

“The mortgages there (in the UK) have worked really well,” said Virgin founder Sir Richard Branson earlier this year.

“Learning from that and asking lots of questions in Australia, the team has launched this product in Australia.”

Tags: 
Mortgage Brokers Aussie Home Loans

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