Tandem Bank has launched its residential purchase proposition ahead of schedule.

The lender said it had made the move “following the market’s positive reaction to how it has reimagined and streamlined the remortgage process”.

Steve Beard (pictured), Tandem’s mortgage division managing director, said: “We’ve listened to our intermediary partners and, following positive feedback, we are pleased to be able to launch our residential mortgage purchase product range earlier than expected. We’re looking forward to delivering Tandem’s effective and quality service to intermediaries and their clients.

“With the purchase products, we’ve kept the same easy to use process. Intermediaries can submit a client’s DIP request through our portal and decision engine and receive a copy of the applicant’s / lender’s credit file once the ESIS has been produced. This gives the adviser all the necessary information to make a correct recommendation to their client.

“It’s worth remembering that as a deposit funded lender with strong savings products, Tandem Bank is able to offer product transfers, further advances and porting to existing customers.”