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.”

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

Brilliant racks up a memorable afternoon for charity

Brilliant Solutions was on cue at Rileys as 70 players and several late arrivals...

Rayner rules out rent controls

Housing Secretary Angela Rayner has ruled out rent controls in England, providing greater certainty...

Mortgage Brain adds Uinsure home insurance quotes to CRM platform

Mortgage Brain has integrated Uinsure with CRM Brain, allowing brokers to arrange buildings and...

Nationwide and Accord the latest to increase rates

Mortgage borrowers have been urged to review their options after Nationwide and Accord increased...

Four in five first-time buyers say schools failed to teach mortgage basics

Almost four in five UK first-time buyers believe their education failed to prepare them...

Latest publication

Other news

Rates are moving and regulation is evolving

Many lenders are having to increase their rates, and that trend looks set to...

Building tomorrow’s mortgage market: AI built on trust, governance and confidence

The government's Financial Services AI Adoption Plan, led by Harriet Rees, group chief information...

The protection prompt: what AI still needs to get right

The Mills Review has prompted plenty of discussion across the mortgage industry. While much...