Tandem has made significant reductions across its residential second charge mortgage products, cutting rates by up to 0.90%.
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 benefit from a discount of up to 0.5%.
Nigel Brookes, head of distribution for second charge, 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.”