Mortgages

Tandem Bank prepares mortgage market launch

Rozi Jones
|
17th July 2018
Ricky Knox Tandem
"We’re really excited to see what we can do with personalisation as we start helping more and more people manage their money better and launching new products. "

Tandem Bank says it is in "prime position" to launch a range of mortgage products after reaching 250,000 customers across its cashback credit card, fixed term savers and account aggregating banking app.

Tandem gained a banking license in January 2018 following the purchase of Harrods Bank, giving Tandem access to Harrods Bank customers and £80 million of capital, alongside a £375 million mortgage book and over £400 million of deposits.

Tandem first signed an agreement to acquire Harrods Bank in August 2017, planning for the bank to operate under the Tandem brand subject to approval.

The Bank also recently acquired money management app Pariti, which flags rising bills, duplicate payments and other aspects of customer spending.

Ricky Knox, Tandem CEO, said: “We’re really excited to see what we can do with personalisation as we start helping more and more people manage their money better and launching new products. We’ve now got 250,000 customers and every single one is different. The future of banking is going to be about knowing your customers and offering them products and services that work for them. It’s also where you start saving them a whole lot of hassle and stress, which is why we started Tandem in the first place.

“Our ethos and open approach to banking resonates with people. We’re the bank whose entire senior team takes to the streets for London Pride to show that we genuinely care about the community we’re serving. Obviously you need great products, that’s a given, but it’s also our vision for a bank that’s got your back that the UK is responding to. It’s one of the reasons we’re outstripping legacy banks when it comes to growth.”

Related articles
More from Mortgages