Australia’s biggest mortgage broker has announced a new partnership that will expand its panel of lenders.
Aussie Home Loans this week announced that it has partnered with Virgin Money following the lender’s reentry into the broker channel in May with the launch of its Reward Me home loan.
Virgin Money’s home loans offer Velocity Frequent Flyer Points on settlement, each month and on regular anniversaries, together with a range of exclusive Virgin-branded benefits. The unique offering is expected to appeal strongly to Velocity’s more than 6.4 million members in Australia.
“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,” Aussie CEO James Symond said.
“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,” he added.
Virgin Money has been steadily making its presence known across the broker market for the last few months. Last month the group, which is owned by Bank of Queensland, joined Connective’s panel after initially partnering with major aggregators PLAN and FAST.
[Related: Virgin Money broadens distribution footprint]