The product range allows mortgages to be split across two term lengths, terms of up to 35 years are accepted and there is no maximum age limit.
It also allows interest-only with a minimum remaining equity on completion of £150,000 up to 75% loan-to-value (LTV), including on a sale and downsize basis.
Harpenden and Tenet also accept discounting any voluntary pension contributions above the minimum amount from its affordability assessment.
For those already retired from the police force but are still working, Harpenden will consider newly self-employed applicants in related industries, who can evidence one year’s full track record and provide a projection for the following year .
As well as this, it will accept employed or self-employed income up to age 75 and allow income from multiple sources in addition to earned income including pension, investment and rental.
Simon Broadley, managing director of Tenet Mortgage Solutions, said: “As a business that focusses on serving vocations, it is important to recognise that one size doesn’t fit all when it comes to sourcing the best mortgage for our customers.
“We are delighted to have teamed up with Harpenden to secure mortgage options designed with members of the police service in mind.
“We understand this profession and recognise the unique circumstances of officers.
“Experience in this sector has helped us develop this bespoke mortgage offering with Harpenden.
“Their track record of serving communities with a likeminded approach to ours makes them the perfect partner as we look to become the vocational mortgage adviser of choice, and help individuals achieve their financial goals.”
Raj Bains, director of customer operations at Harpenden Building Society, added: “Our pragmatic approach ensures mortgage applications, whatever their source, are individually assessed using common-sense and with the time needed to fully understand the customers’ unique circumstances so that solutions can be found.
“We aim to make the process as tailored, simple and personal as possible to ensure a customer-centric journey that helps customers fulfil their housing dreams.
“New product innovation and strategic partnerships are important to us and we are delighted to be partnering with Tenet to serve the police community in this way.”
