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Heritage Building Society has temporarily withdrawn lending products from the market as it seeks to better manage servicing times.
In a memo sent to brokers last week Heritage said it would temporarily remove its basic variable and professional package.
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Only applications from existing customers holding these products would continue to be accepted.
According to Heritage the action is a result of a number of factors, including, “but not limited to” an unprecedented level of demand, reducing inflows of applications in order to improve servicing abilities and to keep volumes at a manageable level.
“We anticipate reinstating these facilities at the end of June and will advise at that time,” the lender said.
