Founder John Bolton says the mortgage broker has seen first-hand the frustration of many first-home buyers struggling to buy a property.
Payments company refuses to refund millions of dollars including cash claimed by former Leeds Football Club owner Massimo Cellino and Israeli businessman Michael Arjang.
Heartland only started offering mainstream home loans last year through its digital channel and its rates are the lowest in the market.
The big four Australian-owned banks will begin losing their competitive advantage from January next year.