Second Charge Mortgages: Tandem reduces rates by up to 90bps across second charge product range

25 January 2024

Tandem, the UK’s greener digital bank, has today announced a significant reduction for its residential second charge mortgage products, by up to 90bps, effective immediately.

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 enjoy a rate discount of up to 0.5%, aligning with Tandem’s goal to help UK consumers transition to greener homes, transport and lifestyles.

Head of Distribution for Second Charge, Nigel Brookes 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."

Benefiting customers’ pockets and the planet, Tandem offers greener ways to save, borrow, spend and share. From low emission motor loans, to lending for greener home improvements, to EPC discount mortgages and green savings, its products make it easier for more people to choose a greener lifestyle – helping save money, whilst reducing carbon footprints.