Australian mortgage franchise Aussie Home Loans
has announced a partnership with financial services giant Virgin Money Australia – placing the firm’s home loans 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.
“This partnership will bring greater choice for the thousands of Australians our brokers connect with every month, access to a vast number of potential new customers and the ability to offer rewards to our existing customers who are also Velocity Frequent Flyer members.”
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, a giant in mortgage broking that has shaken up a big sector of the Australian economy by being bold and offering fantastic customer service,” said Greg Boyle, chief executive of Virgin Money Australia.
“There are many similarities between these two great brands, not least our strong desire to deliver simplicity, greater choice and better value for our customers. We’re looking forward to demonstrating how the partnership with Aussie will bring some exciting new opportunities for Australian borrowers.”
Currently, Aussie’s loan book, including its wholesale aggregator nMB, totals more than $70 billion.
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