Virgin Money has been welcomed onto the lender panel of another aggregator.
Vow Financial’s network of 1,250 accredited brokers across Australia will now be able to access the group’s Reward Me Home Loans.
“We’re delighted to be partnering with Vow to offer their customers greater choice and a rewarding borrowing experience,” said Greg Boyle, CEO of Virgin Money.
“We remain committed to doing our part to maintain a competitive and sustainable mortgage broking industry in Australia.”
To this end, Virgin Money has recently made moves to simplify the broker experience it provides, including launching a new mobile friendly secure broker portal, creating a simplified home lending policy, appointing new state managers to its broker management team and introducing digital acceptance for home loan documents and otherwise improving turnaround times.
According to Christian York, head of distribution at Virgin Money, the group has listened and will continue to listen to broker feedback to adjust and strengthen its offering.
The lender currently provides customers a range of products, including a two-year fixed rate of 2.29% per annum on owner occupier principal and interest home loans with an LVR of up to 80%. Its home loan portfolio has swelled beyond $3bn via its national distribution network of more than 4,000 accredited mortgage brokers.
Vow Financial chief customer officer Sean Preece has expressed excitement over the new partnership.
“Despite the phenomenal progress of the mortgage industry, there continue to be large sections of the market that are underserved,” he said.
“At Vow, we are committed to making mortgage solutions more inclusive and meeting these unfulfilled needs of borrowers no matter how different their circumstances. I am confident that our partnership with Virgin Money will contribute immensely to this endeavour.”
