Vernon and Tenet Group in distribution deal

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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.”

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