RBS IP will offer 60-95% LTV mortgage products initially through the ARs of Tenet Group and Personal Touch Financial Services, including a range of deals for purchase and remortgage as well as buy-to-let for first-time buyers, homeowners and landlords.
RBS IP will also be participating in the Help to Buy mortgage guarantee scheme at some point in 2014.
Alasdair McDonald, head of RBS IP, said: “We have an experienced team of mortgage professionals ready to work with intermediaries from Tenet Group and Personal Touch in offering customers an additional route to applying for a mortgage with RBS Group.
“I’m excited by the prospect of working with our intermediary partners and look forward to helping as many customers as we can with their mortgage.”
Neil Hoare, head of lending at Personal Touch, said: “We are delighted to be working with RBS IP in their return to intermediary lending. For members of our network this means greater support and focus along with products that closely meet their clients’ needs.
“We know our strategy to focus on the quality of both advice and advisers in the network was high in the lender’s rationale for choosing its distribution partners and we look forward to a successful launch.”
Commenting on the deal, TenetLime managing director, Gemma Harle said: “This is excellent news for TenetLime and we are delighted to have been invited to play such an important part in RBS’s new intermediary strategy.
“Our members can look forward to an enhanced, dedicated service and an exciting range of bespoke products, to further improve service to their clients.”
Harle also confirmed to members who currently use NatWest that the facility would continue in the short-term until the transition was finalised.