Tandem has made a significant rate cut on its residential first charge mortgage products, with reductions up to 0.96%, effective immediately.
Alongside these rate cuts, Tandem has also revamped its criteria guide, enhancing accessibility and clarity for mortgage advisors.
One of the key updated products is a two-year fixed mortgage at 90% loan-to-value (LTV) with a rate of 7.49%, subject to a £1,495 fee.
The bank offers maximum loan amounts of £750,000 up to an 80% LTV and £500,000 for a 90% LTV.
Tandem also offers additional rate discounts for borrowers purchasing or remortgaging properties with an Energy Performance Certificate (EPC) rating of A, B, or C. This incentive aligns with Tandem’s environmental commitment and supports homeowners who are making greener choices.
Roger Morris, sales and distribution director at Tandem Bank, said: “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.”
