New Lender -Tandem Specialist Mortgages

One of the benefits of being a whole of market mortgage adviser, is the ability to approach pretty much anyone who will lend within the UK. Even with this flexibility, Bankruptcies and IVA’s remain challenging to place unless a certain amount of years since registered or discharged. So its understandable that we get excited when a lender comes forward to bridge that gap!

For those in employed roles, who have just come out of a Bankruptcy or IVA, then we can now look to Tandem in order to assist on day one, currently up to 85% Loan to Value – an offer that is pretty much unmatched across the market.

Its not just for those affected by Bankruptcy or IVA’s that could potentially benefit from Tandem’s offer – Their criteria is extremely flexible, considering only the last 22 months of credit history in the main, with their product range being based on the credit history rather than whether they will lend or not. Again, a real common sense approach for those who have had previous troubles that we have been potentially unable to assist.

In Quarter 4 of 2022, according to the Insolvency Service, there were 21,865 IVA’s, 6,142 Debt Relief orders, and 1,582 Bankruptcies – And that is just a period of 3 months. That’s 25% of every 10,000 adults in England and Wales.

If you have had issues previously obtaining a mortgage from other brokers or lenders due to a Bankruptcy or IVA, get in touch to see if this new development can help you.