Tandem Bank reduces high-LTV residential rates

The green digital bank has enhanced its first charge mortgage range.

Related topics:  Mortgages,  First-time buyer
Rozi Jones | Editor, Barcadia Media Limited
12th February 2024
balancing scales with a house and a percentage sign
"We take prompt actions to tailor our residential offerings around the needs of customers, as voiced by the advisers on the front line."
- Roger Morris, sales and distribution director at Tandem Bank

Tandem Bank has refined its residential mortgage offering based on feedback from mortgage advisers.

The most significant change is within the T1 rates in its 90% LTV range. The Bank has launched a new two-year fixed rate at 7.59% and a five-year fixed product at 7.14%, with a £1,495 completion fee. The maximum loan amounts for these products is £750,000 up to 80% LTV and £500,000 up to 90% LTV.

Tandem also offers additional rate discounts for high Energy Performance Certificate (EPC) ratings across its entire product range for both new purchases and remortgages. Borrowers with an EPC rating of A, B, or C can secure additional rate reductions of up to 0.3%.

Roger Morris, sales and distribution director at Tandem Bank, said: "We value our symbiotic relationship with mortgage advisers, where we actively seek and listen to feedback. We take prompt actions to tailor our residential offerings around the needs of customers, as voiced by the advisers on the front line.

"In light of the significant rise in rental charges, especially over the last 24 months, homeownership has become an aspiration for numerous hardworking families across the UK."

More like this
Latest from Property Reporter
Latest from Protection Reporter
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.