News in brief – 2 June 2023

Tandem has confirmed a new partnership with Dynamo for Intermediaries. The mortgage club’s members will now be able to access Tandem’s portfolio of first charge residential remortgage and purchase products. Mortgages division head of sales and national accounts at Tandem, Richard Angell, said the firm had been impressed by the professionalism of Dynamo’s team, adding that it has been a “byword for quality broker support” over many years. Mortgage club director at Dynamo, Cat Armstrong, added that clients are interested in being eco-friendly and so believes that Tandem is a lender that “a lot of brokers will be able to utilise” to support people on their efficiency journey.

Specialist lender, TAB has become the latest patron of the National Association of Commercial Finance Brokers (NACFB). Established in 1992, the NACFB is a trade body for business finance intermediaries. TAB’s addition gives the NACFB’s membership base access to the lenders’ short-term finance products, broadening the funding options available to them. The firm revealed said it had joined the NACFB as a lender patron as it looks to develop new relationships with brokers.

Buckinghamshire Building Society has launched a new shared ownership proposition with rates cut by 30 basis points from their previous offering. In addition to the lower rates, the product also attracts no application fees, no product fees and no valuation fees. The Buckinghamshire confirmed that the five-year fixed rate is available for both purchase and remortgage cases for properties across England and Wales.

CHL Mortgages has relaunched a range of variable rate products to include lifetime and three-year BBR trackers across its core and refurbishment product ranges. The lender confirmed that both products are available to a maximum 75% LTV, with a 2% product fee. A three-year early repayment charge (ERC) of 3%, 2%, and 1% applies to the three-year tracker, with the lifetime tracker offered with a two-year ERC of 3% and 2%.

Mortgage and protection network, HLPartnership, has announced the acquisition of AFP Partnership a mortgage and protection network based in Maidenhead. According to HLP’s CEO, Chris Tanner, the acquisition fits into the firm’s strategic growth plan to expand its reach. He said that AFP “shares many values” that HLP has always held, such as fostering close relationships with individual AR firms by keeping short lines of communication.

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