Tandem Bank cuts residential rates and simplifies criteria

Published on

Tandem has announced a reduction in rates of up to 96 basis points for its residential first charge products.

The lender has also revamped its criteria guide.

New deals now include a two-year fixed product at 90% loan to value (LTV), priced at 7.49%. A £1,495 fee applies. It has 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%.

Roger Morris (pictured), 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.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Spring surge in property listings creates market opportunities

The average asking price for newly listed properties has risen by 1.1% (+£3,876) this...

Secure Trust Bank Commercial Finance appoints senior portfolio director

Secure Trust Bank Commercial Finance (STB CF) has announced the appointment of Carl Pykett...

Inflation expectations rise slightly as BoE releases latest survey

Public expectations for inflation and interest rates have edged higher, according to the Bank...

£1 billion lost annually as 50,000 London social homes used fraudulently

A shocking new report reveals that around 50,000 social housing properties in London are...

Other news

Spring surge in property listings creates market opportunities

The average asking price for newly listed properties has risen by 1.1% (+£3,876) this...

Secure Trust Bank Commercial Finance appoints senior portfolio director

Secure Trust Bank Commercial Finance (STB CF) has announced the appointment of Carl Pykett...

Inflation expectations rise slightly as BoE releases latest survey

Public expectations for inflation and interest rates have edged higher, according to the Bank...