Harpenden Building Society has partnered with Tenet Mortgage Solutions to introduce a range of exclusive discount mortgage products to long serving or senior police officers.

The society said it will assist Tenet in serving the needs of its police officer customers, including officers already retired.

Harpenden’s product range will allow mortgages to be split across two term lengths, and allow interest-only with a minimum remaining equity on completion of £150,000 up to 75% LTV, including on a sale and downsize basis. There is no maximum age limit and a term up to 35 years will be allowed.

For those already retired from the police force but still working, Harpenden will consider newly self-employed applicants in related industries, who can evidence one years’ full self-employed track record and provide a projection for the following year. The society’s standard requirement is for three years’ self-employed financial history.

Harpenden will also allow income from multiple sources in addition to earned income including pension, investment and rental.

Tenet managing director, Simon Broadley, said: “As a business that focuses on serving vocations, it is important to recognise that one size doesn’t fit all when it comes to sourcing the best mortgage for our customers. We are delighted to have teamed up with Harpenden to secure mortgage options designed with members of the police service in mind.

“We understand this profession and recognise the unique circumstances of officers. Experience in this sector has helped us develop this bespoke mortgage offering with Harpenden. Their track record of serving communities with a likeminded approach to ours makes them the perfect partner as we look to become the vocational mortgage adviser of choice, and help individuals achieve their financial goals.”

Harpenden director of customer operations, Raj Bains, added: “Our pragmatic approach ensures mortgage applications, whatever their source, are individually assessed using common-sense and with the time needed to fully understand the customers’ unique circumstances so that solutions can be found.

“We aim to make the process as tailored, simple and personal as possible to ensure a customer-centric journey that helps customers fulfil their housing dreams. New product innovation and strategic partnerships are important to us and we are delighted to be partnering with Tenet to serve the police community in this way.”

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