Heritage lending goes nationwide
HERITAGE Building Society home loans will soon be available right across Australia.
The Queensland-based Heritage announced that from February 1 next year, it will start offering home loans via mortgage brokers from every state in Australia.
That move will follow closely behind the organisation's change of name to Heritage Bank, which takes place on December 1 this year.
Heritage will become Australia's largest customer-owned bank from that date.
CEO Mr John Minz said Heritage had offered home loans through mortgage brokers in Queensland, New South Wales, Victoria and South Australia for many years.
It will now broaden that reach to also lend to customers in Western Australia, Tasmania and the Northern Territory from February 1.
"This is an exciting time for Heritage," Mr Minz said.
"Expanding our reach to achieve national availability for our home loans is a significant step forward, as is our decision to change our name to Heritage Bank.
"We have fantastic home loan products and a well-earned reputation for superb service from our members.
"From early next year, people anywhere in Australia will be able to take out a home loan from Heritage and start benefitting from the people-first approach that our members prize so highly."
Mr Minz said there had been significant demand from those additional states, particularly Western Australia, from customers looking to take out a loan through Heritage.
Extra staff will be brought on board to help Heritage manage that expansion.
"Heritage offers an excellent alternative to the big banks. Expanding the geographic reach of our mortgage lending and changing our name to Heritage Bank will help us continue to grow and develop for out members into the future," Mr Minz said.