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Tenet partners with buy-to-let lender Zephyr Homeloans

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Financial adviser network Tenet has added buy-to-let lender Zephyr Homeloans to its lending panel.

Zephyr’s range of mortgage products are now available on Tenet’s network of 700 mortgage advisers across the UK.

The firm lends to individuals and limited companies for single buy-to-let lender investments or large portfolios.

Zephyr also offers mortgages for both standard houses and specialist properties such as houses in multiple occupation, multi-unit freehold blocks, new builds, and flats above commercial.

The latest deal is part of Tenet’s ambitious growth plan. In June, the financial adviser group incorporated Investec to its lending panel.

The banking and wealth management firm Investec specialises in mortgages for high-net-worth individuals.

Earlier this month, Tenet appointed Martin Tyler as its new chief financial officer who is tasked with leading the group’s expansion drive.

Despite the growth plans, the group has seen adviser firms walked away from the network.

Life Insurance broker Protect Line was the most recent to leave the group to become directly authorised by the FCA.

However, the group says its focus is on the core businesses and to continue to be the UK’s largest network supporting independent financial advisers.

Commenting on the Zephyr partnership, Tenet chief executive Mark Scanlon said: “We’re continuing to see a strong level of interest in the buy-to-let market, notably from professional portfolio landlords and limited company investors, who are increasingly considering more specialist property types.

“Continually expanding the quality and choice of products available to our members is central to our ambitious growth plans, and we’re excited to welcome Zephyr to our lending panel, helping our network to benefit from its vast expertise in the sector and impressive offerings.”

Zephyr managing director Paul Fryers added: “Tenet Network Services has a strong reputation for providing quality offerings to its adviser base, and we’re looking forward to joining its lender panel and working with its members to help their clients achieve their buy-to-let ambitions.

“Many landlords are currently seeking to expand their buy-to-let portfolio or are looking for opportunities to restructure their existing holdings.

“Zephyr can help them achieve their goals through our broad criteria, range of competitively priced products and consistently strong service levels.”

Original Article

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