Tandem Bank has made its first charge sales team redundant following the decision to reduce its lending offering.
The announcement was made in a LinkedIn post by the bank’s mortgage division sales and distribution director Roger Morris, who is among the team to have been made redundant.
Morris said the decision to reduce the bank’s first charge lending was made by the lender’s board last week.
“There’s always disappointment when a journey is cut short, but I do know our educational webinars garnered the attention of thousands of mortgage professionals, highlighting the growing need for education under Consumer Duty,” Morris said.
Richard Angell, Mark Shelper and David Venn were also among the team to lose their positions at the lender, with Morris adding they were “an amazing group to lead.”
He urged members of the industry to consider the members of the team for new positions, stating they are “exceptional sales people.”
Morris is a well-known figure in the mortgage industry and worked with the OSB Group for more than 10 years before joining Tandem Bank.
