Briefs: Virgin Money chases first home buyers, Bank of Sydney moves uptown

Banking Day staff Briefs
  • Virgin Money is making a pitch to first home buyers with a package that includes a two-year fixed rate of 3.68 per cent, an LVR up to 90 per cent, no settlement fee and a discount on LMI for loans with LVRs between 80 and 90 per cent. It is also throwing in Velocity Frequent Flyer points and a gift card. The offer is open from March 4 to May 31, and loans must settle by August 30.
  • Bank of Sydney has purchased a property in the Sydney CBD that will serve as its signature branch and head office. The bank said its move to 62 Pitt Street, at the corner of Spring Street, was a reflection of its “tremendous growth” since it was launched in 2001.