Beneficial Network has added Reliance Bank to its lender panel.

Members of the mortgage and protection adviser network can now access Reliance’s range of first-time buyer, key worker and shared ownership products.

Beneficial Network charges members a flat monthly fee and advisers then keep all procuration fees and commissions.

It has more than 90 residential and commercial lenders on its panel as well as options for protection, general insurance and equity release.

Reliance Bank, formerly known as the Salvation Army Bank, was formed in 1890 and donates up to 75% of its profits to the church to support its evangelical and charitable work.

Beneficial Network chief executive Mat Rees says the addition of Reliance to the panel will provide members with new solutions to serve different groups of borrowers.

He says: “Reliance Bank has a strong reputation not only for its social impact but also for providing excellent service.

“We are looking forward to working with the bank and are confident that our members will appreciate its personalised, flexible and manual underwriting process, benefiting our advisers and their customers.”

Reliance Bank head of mortgages Gareth Byrn says: “Members can also be confident that they are helping their clients borrow money in a socially responsible way, from a lender committed to ethical banking.”