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Vernon and Tenet in distribution partnership

  • 11/07/2018
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Vernon and Tenet in distribution partnership
Adviser members of the Tenet Group will now have access to Vernon Building Society’s mortgage range following a tie-up between the two firms.

Deals on offer include the mutual’s ‘retirement mortgage’, one of the few retirement interest-only mortgages currently on the market.

Tom Gurrie (pictured), intermediary sales manager at Vernon, said that Tenet had a “clear focus” on giving its advisers access to a broad range of mortgage options.

He added: “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, said: “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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