The platform, which has been initially launched with independent financial advisers (IFAs), brokers and equity release providers, will permit brokers to aid customers who have been denied a mortgage due to affordability or deposit issues.
The Money Group is one of the first advisers to join the partnership platform. According to a spokesperson, it has 20 partnerships signed up currently and it is targeting 100 by the end of the year.
It will also allow brokers to give customers more advice on various borrowing options available, especially if they have financial support from family.
Tembo said that this platform would help mortgage clubs, IFAs and brokers help more complex clients, especially given the growing number of products with more complicated criteria and compliance.
The platform will also provide specialist mortgage advice, with Tembo’s mortgage brokers focusing on family mortgages, Help to Buy, shared ownership, private alternatives and first-time buyer mortgages.
Tembo has appointed Steve Nobes (pictured) as its head of partnerships to deliver the new model. In his role he will grow its business to business offering, launch referral schemes and white label partnerships with high street brands.
He was most recently at Iress, where he was key account manager for nearly four years. Prior to that he was a digital community manager at MortgageGym for nearly five years.
He has also held roles at TSB, Smartr365 and Lloyds Banking Group.
Richard Dana, chief executive and founder of Tembo, said: “Getting a foot on the property ladder has never been harder, but luckily there has been an influx of innovation in recent years. At Tembo, we are constantly looking to increase access to home ownership, and to encourage uptake of new products to market that can achieve this goal.
“Our new partnership platform will help to increase distribution of these often complex products, to further our goal to help more people onto the ladder faster and for less.”
Tembo is a mortgage broker and lender which launched in June last year. It initially offered a whole-of-market alternative to guarantor mortgages.
The firm raised £2.5m in a funding round in August, with investors including Aviva and Nationwide, which it said would build an online technology platform with an initial fact find that will input data on possible support from family and friends.
