Heritage wins Money Magazine Best of the Best awards

Heritage’s Standard Variable Professional Pack home loan has won the Cheapest Flexible Home Loan Package and Cheapest Home Loan Package categories in Money Magazine’s Best of the Best awards for 2010.

Heritage is Australia’s largest building society with a wide range of features on all of its home loan products. Some of the award winning home loan product features include one annual fee covering all Home Loans linked to the package, a Heritage Visa Card with no annual fee, a Heritage transaction account with free Heritage transactions and generous fee free zones on other transaction types and discounts on insurances arranged through Heritage.

“At Heritage, our home loan packages have been designed specifically to meet the needs of our members. With home affordability an increasing issue, at Heritage we ensure that we offer our members the best value range of products all designed to help them own their homes sooner,” said Heritage CEO Mr John Minz.

“Demand for our home loans has been strong in recent years with consumers looking for a financial institution that offers them a better deal. In my view, Heritage has delivered.”

Mr Minz added that this award compliments the recent praise of Heritage's credit card products by Choice magazine and that Heritage has been able to package high quality banking products which provide value to its members.

“This recognition is another significant milestone that the Society can celebrate and it is a great incentive to provide even better service to our communities as we continue to live our mutual philosophy of putting People first."

* Home loan comparison rate based on a $150,000 loan over 25 years.  Fixed loan comparison rate applies only for loans with an LVR of 80% or less and a loan amount of $150,000 to $249,999.  WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Interest rates are on a per annum basis. Rates are correct as stated and subject to change without notice. Rates shown are for new loans and do not apply to switches or internal refinances.

Home Advantage Variable rates include discounts shown from the Standard Variable rate. Home Advantage Living Equity rates include discounts from the Living Equity rate. Discounts are based on total lending in the package. Discount Variable LVR rates are for new lending and include discounts from the Discount Variable Loan Rate.  Discounts are not available in conjunction with any other interest rate discount or special offer. All fixed rates are fixed for the period stated and revert to the variable rate applying at expiration of the fixed term. To approved applicants only. Conditions, criteria and fees apply.

Loan to Value Ratio (LVR) is the loan amount divided by the value of your security property (determined by Heritage Bank at assessment), multiplied by 100. Owner Occupied loans have a maximum LVR of 95%, Investment loans have a maximum LVR of 80% and Living Equity has a maximum LVR of 80%. Heritage is not accepting any new investment applications until further notice.

This advice has been prepared without taking into account your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness having regard to your objectives, financial situation or needs.

Generate a personalised Key Fact Sheet based on your loan amount, term and repayments. This tool is provided to help you compare home loans from Heritage with other financial institutions.