Notice to customers: Please be aware that following the recent Supreme Court judgment in relation to Motor Finance commissions, Tandem are awaiting further guidance from the Financial Conduct Authority in relation to next steps. All complaints will be progressed in accordance with FCA guidance and timelines, with outcomes expected to be communicated early next year. If you would like to contact us to make a complaint, please email complaints@tandem.co.uk. You are encouraged to keep visiting our website to stay up to date with any further information and guidance as we receive it.
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Tandem, the UK’s greener digital bank, has today announced a significant reduction for its residential second charge mortgage products, by up to 90bps, effective immediately.
Further rate discounts are available to borrowers across the entire product range for properties with an Energy Performance Certificate (EPC) rating of A, B, or C.
For properties with an A, B, or C rating, customers can enjoy a rate discount of up to 0.5%, aligning with Tandem’s goal to help UK consumers transition to greener homes, transport and lifestyles.
Head of Distribution for Second Charge, Nigel Brookes said: “This is positive news for second charge brokers and their customers. These rate reductions will continue to help brokers deliver good customer outcomes and help clients manage ongoing cost of living challenges. This is the first of many positive steps forward Tandem Bank will take in 2024."
Benefiting customers’ pockets and the planet, Tandem offers greener ways to save, borrow, spend and share. From low emission motor loans, to lending for greener home improvements, to EPC discount mortgages and green savings, its products make it easier for more people to choose a greener lifestyle – helping save money, whilst reducing carbon footprints.
