More than 80,000 Wizard and GE Money customers will from today (Friday, February 27, 2009) have the chance to save thousands of dollars and years off their home loans if they re-finance their loans through Australia’s leading mortgage broker, Aussie Home Loans.

As part of Aussie’s acquisition of Wizard from GE Money, which settled today, Aussie is now able to offer both GE and Wizard customers the opportunity to transfer to a better home loan without the cost of high
contract break fees.

Transferring to a better home loan organised by Aussie, GE and Wizard customers could save up to 1.5 per cent off their interest rate, equating to around $375 a month or $4,500 a year on a $300,000 mortgage.

Chairman of Aussie, Mr John Symond, said “Aussie is also delighted to be able to offer GE and Wizard customers the opportunity to obtain a better home loan deal, either through Aussie’s market leading mortgage broking service and its panel of 16 lenders or Aussie’s own product.

“Aussie’s purchase of Wizard will deliver to GE customers a far stronger organisation that will compete with the banks, which have seen many of their smaller competitors fall by the wayside over the last year”, he said.

The acquisition will mean Aussie will have a broader spread of retail outlets and more than 800 mortgage advisers nationally - making it the largest retail non-bank financial services group in Australia.

Mr Symond concluded “This acquisition will provide customers with greater product choices, heightened service levels and the benefits of having a major non-bank player in the mortgage, credit card, insurance, car and personal loans market”.

Aussie will be providing Wizard franchisees with a greater product range, more security, marketing, training and technology systems to help them grow their businesses and customer base.

GE and Wizard customers should call Aussie on 13 13 33.