Finance

Heartland's digital mortgage book passes $100m

Jenny Ruth
Thu, 28 Oct 2021

Heartland's digital mortgage book passes $100m

Chief executive Jeff Greenslade says business is "lumpy". (Photo: supplied)

Jenny Ruth
Thu, 28 Oct 2021

Heartland Group's digital mortgage book has passed $100 million and it is now lending $30m a month, chief executive Jeff Greenslade told the annual shareholders' meeting.The launch of Heartland's digital-only mortgage offering in March last year was disrupted by covid and had to be re-launched in October the same year.The cost savings of its offering has meant it can offer the lowest interest rates in the market – its floating rate is currently 2.55% while the big four banks' floating rates are well above 4%.Its two-year f...

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Heartland's digital mortgage book passes $100m

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