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Loan market expands lender panel

by Hannah Dowling7 minute read
Loan Market

The major brokerage has introduced a new lender to its panel, partnering with a non-major lender to bring its total panel to 61 lenders.

Loan Market has announced that it has welcomed Virgin Money to its lending panel, bringing its total number of lenders to 61.

Loan Market said the BOQ subsidiary provides a “unique” product opportunity to the market with its home loan products that offer Velocity Frequent Flyer points on settlement and on regular anniversaries of the loan.

Loan Market chief commercial officer Stephen Scahill welcomed the partnership with Virgin Money as a strategic move to provide optimal outcomes of Loan Market customers.

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“Whilst our lender panel continues to grow quickly, we approach every new partnership with a strategic mindset: How will this provider help our brokers provide better outcomes for customers?’’ said Mr Scahill.

He added that he believed the lender was “committed to making finance solutions simpler and delivering a unique customer experience”.  

Greg Boyle, chief executive of Virgin Money, added: “We’re excited by this new partnership with Loan Market and its brokers. 

“Our Reward Me Home Loan gives brokers access to a unique product, which gives their customers more choice and helps deliver great outcomes for their business.”

[Related: Loan Market welcomes new lender]

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