Vernon and Tenet Group in distribution deal

Published on

Vernon Intermediaries and Tenet Group have partnered to provide Tenet’s advisers with access the full range of the North-West based mutual’s mortgages.

Vernon offers products across both mainstream and buy-to-let mortgages as well as deals designed to help first-time buyers and older homeowners access mortgage finance.

The lender also offers a retirement mortgage, an alternative to a lifetime mortgage, or a long-term option for interest-only borrowers.

Tom Gurrie (pictured), intermediary sales manager of Vernon, said: “Tenet is a strong business with a clear focus on giving its advisers access to a broad range of mortgage options.

“At Vernon we provide solutions to underserved markets in addition to our mainstream mortgages and look forward to helping Tenet members find the right deal for their clients.”

Simon Broadley, managing director of TenetLime, added: “We’re pleased to partner with Vernon for Intermediaries and its innovative borrowing solutions, including being one of the first to market with a retirement interest-only mortgage, which as the regulator recognised, will fill an important gap in the mortgage market for some older borrowers.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Newcastle for Intermediaries adds three-year fix range to mortgage offering

Newcastle for Intermediaries has introduced a new range of three-year fixed rate products. It said...

Mortgage product availability surpasses 25,000 for the first time

The number of mortgage products available in the UK has reached an all-time high,...

ASG Finance launches loan for HNW investors

ASG Finance has introduced its latest funding initiative: the ‘Base Rate Beater’ secured investment...

Other news

Why it matters that bridging hit more than £10bn last year

We see many numbers bandied around in the financial industry, which can sometimes have...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Newcastle for Intermediaries adds three-year fix range to mortgage offering

Newcastle for Intermediaries has introduced a new range of three-year fixed rate products. It said...