Legal & General Mortgage Club has added Tandem Bank to its lender panel.
The addition will give the Club’s network of advisers’ access to a range of specialist mortgage products suitable for consumers who may need a more tailored product.
Tandem, which launched in 2014, has since purchased Harrods Bank and merged with Oplo. It is now focused on becoming a greener, digital bank. Tandem Bank currently offers discounted rates on specialist mortgages for those interested in greener living, with a 0.3% first-time reduction for customers with an A, B or C EPC rating on their home.
Its maximum residential loan size stands at £750,000, but bespoke mortgages can extend to loans of up to £2.5m.
Additionally, Tandem offers bespoke underwriting services for borrowers with a more complex set of requirements.
Danny Belton, head of lender relationships at Legal & General Mortgage Club, said: “I’m really pleased to announce that we will be offering Tandem’s specialist residential lending products to the broker network at Legal & General Mortgage Club. Rising electricity and gas bills have thrown energy-efficiency to the top of the agenda for many consumers this winter. In this environment it’s fantastic to be able to offer our brokers access to more products that reward customers for making greener choices.
“I have every confidence that this will be a welcomed addition by our broker community, who can now help their customers benefit from Tandem’s specialist products and bespoke underwriting service. In such a busy market, it’s vital that brokers have the tools and products they need to support buyers, whatever their needs.”
Richard Angell, head of sales and national accounts, Tandem Bank, added: “I am absolutely delighted that Tandem Bank has been appointed to the Legal & General Mortgage Club panel. As Tandem enters the long-term specialist lending arena, the chance to work closely with Legal & General’s dynamic team, especially as we launch our reimagined remortgage proposition is just too good an opportunity to pass up. There are so many opportunities to collaborate over broker education and the chance to match up our technology with the advances made by Legal & General – an area in which Legal & General certainly leads the way.”
