Tembo, a London-based fintech company, has launched a platform aimed at increasing options for accessing a mortgage and becoming a homeowner.

Launched initially with independent financial advisers (IFAs), brokers, and equity release providers, the platform will enable advisers to support customers struggling to proceed with a mortgage as a result of lack of affordability or a deposit being too small.

It will also help those seeking advice on options available to them, such as acquiring financial assistance from their family.

Tembo founder and chief executive Richard Dana says: “Getting a foot on the property ladder has never been harder, but luckily there has been an influx of innovation in recent years. We are constantly looking to increase access to home ownership, and to encourage uptake of new products to market that can achieve this goal.”

“Our new partnership platform will help to increase distribution of these often complex products, to further our goal to help more people onto the ladder faster and for less,” he adds.

Mortgage brokers, clubs and IFAs will be able to refer clients directly to Tembo.

As new lending products began to scale across the market last year, so did complex compliance procedure and criteria for applicants. Tembo will provide specialist mortgage advice direct to applicants on the platform to help them get onto the property or complete their next move.

Areas of specialty include advice on family mortgages; help to buy, shared ownership and private alternatives, as well as first-time buyer mortgages.

The Money Group is one of the first advisers to join on to the partnership. Brokers at the group will earn a commission for referring clients, split back from Tembo.