Heritage Bank increases upfront mortgage broker commissions to 0.65%

Font size :
Mortgage lender Heritage Bank has this week announced an increase in upfront commissions to revise its service package for brokers, from 0.55% to 0.65% starting 1 June.
 
The lender also confirmed plans to hire at least four more Business Development Managers to service its mortgage broker partners.
 
“The mortgage broker sector is extremely competitive and we need to continually review and improve our service levels,” general manager Paul Francis said in a release.
 
“In 2012 we expanded our presence to go nationwide with mortgage products through our broker partners, and we now source around half of our home loans through this sector. The broker channel is vital to Heritage’s continued growth and expansion.”
 
So far, Heritage’s broker processing teams are based in Brisbane, Melbourne, Adelaide and Perth.
 

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan

Mortgage News and Articles

How to tell when a housing market is cooling How to tell when a housing market is cooling

You need to check clearance rates, listings, and the price gap, among other factors Read more

Growing demand for green apartments in Sydney Growing demand for green apartments in Sydney Both owner-occupiers and investors favour eco-friendly buildings for their energy-saving features and reduced environmental footprint ... Read more

Are property investors as rich as they appear? Are property investors as rich as they appear? A multi-property portfolio doesn’t guarantee easy millions ... Read more

Be proactive about getting a better mortgage deal Be proactive about getting a better mortgage deal Apathy could be costing you a considerable amount of money over the lifespan of your loan ... Read more

More mortgage news and articles

Sponsored Links

Thursday, Sep 21, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords