UK-based Tandem Bank has announced acquiring mortgage book worth £100m from private bank Bank and Client (B&C).
Tandem assured a seamless onboarding process of 300 B&C customers, who now become customers of Tandem Bank on 22 February.
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Tandem Bank chief commercial officer Paul Noble said: “We are pleased to welcome our new customers to Tandem Bank and look forward to giving them the first-class Tandem service. In 2020 we committed to becoming the UK’s first good green bank and our mortgage offering will be a huge part of that.”
Apart from 300 customer’s mortgages, B&C mortgage servicing teams will also be transferred to Tandem.
Terms and conditions of mortgages existed in the B&C will remain the same after the transfer.
Paul added: “We are excited to onboard our new customers and look forward to continuing with our green journey with a wide range of green products and services expected in the coming months.”
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By GlobalDataLast year, Tandem Bank announced its plan to become the UK’s first Green Bank.
As part of that strategy, it acquired Allium Lending Group in August, which finance customers to make their homes’ energy-efficient and environmentally friendly.
This acquisition was Tandem’s effort to achieve UK’ good green digital bank status.
Paul further added: “We offer a range of products and services, to help customers not only get the best deals and rates but to help them make their homes and financial products more environmentally friendly.”
