Legal & General Mortgage Club has announced the addition of digital challenger bank Tandem Bank to its lender panel.

The move will provide the mortgage club’s network of advisers with access to a wider range of specialist mortgage products suitable for consumers who may need a more tailored product.

Tandem, which launched in 2014, has since purchased Harrods Bank and merged with Oplo. It is now focused on becoming a greener, digital bank and currently offers discounted rates on specialist mortgages for those interested in greener living, with a 0.3% first-time reduction for customers with an A, B or C rated Energy Performance Certificate (EPC) on their home.

The digital bank’s maximum residential loan size stands at £750,000, although its bespoke mortgages can extend to loans of up to £2.5m.

Head of lender relationships at Legal & General Mortgage Club, Danny Belton, commented:“Rising electricity and gas bills have thrown energy efficiency to the top of the agenda for many consumers this winter. In this environment it’s fantastic to be able to offer our brokers access to more products that reward customers for making greener choices.

“I have every confidence that this will be a welcomed addition by our broker community, who can now help their customers benefit from Tandem’s specialist products and bespoke underwriting service.”

Head of sales and national accounts at Tandem Bank, Richard Angell, added: “As Tandem enters the long-term specialist lending arena, the chance to work closely with Legal & General’s dynamic team, especially as we launch our reimagined remortgage proposition is just too good an opportunity to pass up.

“There are so many opportunities to collaborate over broker education and the chance to match up our technology with the advances made by Legal & General – an area in which Legal & General certainly leads the way.”

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