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Loan market expands lender panel

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Hannah Dowling 4 minute read

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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Loan market expands lender panel
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Hannah Dowling

Hannah Dowling

Hannah Dowling is a journalist for The Adviser and Mortgage Business.

Prior to joining Momentum Media, Hannah worked as a content producer for a podcast catering to property investors. She also spent six years working in the real estate sector at a local agency. 

Email Hannah at: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

 

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