Virgin Money in home loan partnership
Virgin Money has announced a partnership with Vow Financial to make Virgin’s home loans available via over 1,000 accredited Vow brokers.
The firm’s Reward Me Home loans would now be available via the 1,250 Vow brokers across Australia and Virgin said its home loan portfolio had a distribution network of over 4,000 mortgage brokers.
This network had helped the company grow to over $3 billion in home loans.
Virgin had recently made changes to its model to help to simplify the broker experience including a simplified home lending policy, appointment of state managers and a streamlined application process.
Christian York, head of distribution at Virgin Money, said: “Buying a home is one of the most important decisions in our customers’ lives. We’ll continue to listen to the feedback from our broker partners and strengthen our offering to help our customers achieve their goals”.
Sean Preece, chief customer officer of Vow Financial, commented: “We are excited about this partnership. Despite the phenomenal progress of the mortgage industry, there continue to be large sections of the market that are underserved.
“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.”
AUTHOR
Laura Dew
Recommended for you
The decision whether to proceed with a $100 million settlement for members of the buyer of last resort class action against AMP has been decided in the Federal Court.
The Financial Advice Association Australia is concerned those working as paraplanners will be unaware of their ability to transition to an adviser, under the proposed new ABS occupation classifications.
Integrating regular meetings within a financial advice team – from daily huddles to quarterly reviews – is essential for fostering sustainable long-term growth, according to Vital Business Partners.
ASIC has released the percentage of candidates who passed its August financial advice exam with the volume dropping to the lowest since November 2022.
