Tandem Bank increases support for self-employed

30 May 2023

Tandem, the UK’s specialist lender has announced its move to increase the LTV for self-employed clients from 85% to 90%.

Features include:-

• 90% LTV including Debt consolidation (max £60,000 unsecured debt)
• 90% LTV for purchases including First Time Buyers
• Acceptable deposits include Family Gifted Deposit and Equity

In line with its strategy of support for underserved customers, this enhancement demonstrates Tandem’s desire to help self-employed clients, according to Director of Mortgage Division Sales & Distribution, Roger Morris.

Roger said, “Feedback from introducers and our growing experience of self-employed cases has allowed us to improve our offering to this important group, which is still underserved by the mainstream lender market.”

He added, “Flexibility is key and is what drives Tandem’s mission to offer easier ways to save, borrow, spend and share money. As a greener, digital bank Tandem, is also well positioned to help consumers transition to a lower carbon lifestyle.”

Find out more: www.tandem.co.uk