Further rate discounts are available for properties with higher EPC ratings
Digital bank Tandem has reduced the rates of its residential second charge mortgage products by up to 90 basis points (bps).
Further rate cuts are available to borrowers across all product categories for properties holding an energy performance certificate (EPC) rating of ‘A’, ‘B’, or ‘C’.
Customers with properties with these higher EPC ratings can benefit from a rate discount of up to 0.5%, in line with Tandem’s objective to support UK consumers in transitioning to more environmentally friendly homes, transportation, and lifestyles.
Tandem provides eco-friendly solutions for saving, borrowing, spending, and sharing. Its range of products includes low-emission motor loans, financing for sustainable home improvements, discounted mortgages based on EPC ratings, and environmentally conscious savings options.
“This is positive news for second charge brokers and their customers,” commented Nigel Brookes, head of distribution for second charge at Tandem Bank. “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.”
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