Tandem cuts second charge mortgage rates by up to 90bps
Properties with an A, B, or C rating can secure an extra discount of up to 0.50%.
"These rate reductions will continue to help brokers deliver good customer outcomes and help clients manage ongoing cost of living challenges."
- Head of distribution for second charge, Nigel Brookes
Tandem has announced significant rate reductions across its residential second charge mortgage products, by up to 90bps.
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 0.50%, aligning with Tandem’s goal to help UK consumers transition to greener homes, transport and lifestyles.
The reductions follow recent cuts of up to 0.96% across Tandem's residential first charge products.
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."
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
Santander
Santander launches 98% LTV ‘My First Mortgage’
First-time Buyer
Improved affordability sparks 20% rise in first-time buyers: NationwideÂ
Inflation
Further rate cuts dampened as inflation rebounds to 3.4%
Mortgage Rates
Two Big Six lenders increase mortgage rates as swaps rise
Bank Of England
Bank of England holds interest rates at 3.75% in narrow 5-4 vote
Interest Rates
Looser Fed policy stance could slow further rate cuts, policymakers warn