Tandem, the UK’s greener digital bank, has announced a significant reduction in rates for its residential first charge products, by up to 0.96%*, effective immediately. This, coupled with a comprehensive revamp of its criteria guide, makes it even more accessible and user-friendly for mortgage advisors.
One of the standout offerings in this pricing update is the two-year fixed product at 90% Loan-to-Value (LTV) and a competitive rate of 7.49%. A £1,495 fee applies. Maximum loan amounts of £750,000 up to 80% LTV, and £500,000 for 90% LTV.
Further rate discounts are available to borrowers across the entire product range for both new purchases and re-mortgages with an Energy Performance Certificate (EPC) rating of A, B, or C. For properties with an A, B, or C rating, clients can enjoy a further rate discount of up to 0.3%, making it even more attractive for environmentally conscious homeowners and aligning with Tandem’s goal to help UK consumers transition to greener homes, transport and lifestyles.
Roger Morris, Sales and Distribution Director at Tandem Bank, commented:
“Our commitment to providing transparent, accessible, and competitive mortgage solutions is reflected in these rate reductions and the simplified criteria guide.”
"Let's turn dreams of homeownership into reality in 2024. Tandem supports aspiring homeowners - especially first-time buyers - recognising the challenges they face with rising rent, affordability concerns, credit hurdles, and the complexities of varied income sources. We're excited to continue our journey of establishing our presence in the specialist residential lending sector, dedicated to making the path to homeownership more accessible for all."
Tandem continues to innovate in the financial landscape, showcasing its dedication to delivering value and simplicity to all UK consumers.