It also offers rate discounts on all products
Digital bank Tandem has updated its residential mortgage offerings, including unveiling its refreshed first charge mortgage range in response to advisor feedback.
The enhanced first charge mortgage range on the 90% loan-to-value (LTV) bracket offers new rates for its T1 two- and five-year fixed rate mortgages, designed to support first-time buyers.
The rates are set at 7.59% for the two-year fix and at 7.14% for the five-year option, both subject to a £1,495 completion fee. These products are available for purchases up to £750,000 for loans covering up to 80% LTV and up to £500,000 for 90% LTV.
In addition, Tandem is offering rate discounts across all its mortgage products, benefiting both new purchases and remortgages. Customers with homes rated ‘A’, ‘B’, or ‘C’ on the energy performance certificate (EPC) can receive rate reductions of up to 0.3%.
The lender recently made significant reductions on second charge mortgage rates.
“We value our symbiotic relationship with mortgage advisors, where we actively seek and listen to feedback,” said Roger Morris (pictured), sales and distribution director at Tandem Bank. “We take prompt actions to tailor our residential offerings around the needs of customers, as voiced by the advisors 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.”
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