TAB launches new residential mortgage product

TAB has announced the launch of a new residential investment mortgage product.

TAB’s mortgage product offers property investors interest-only loans on buy-to-let and other residential investment properties including HMOs, holiday lets and AirBnBs up to £2.5m and terms from 3 to 10 years.

Borrowers can access loans with LTVs of up to 70%, although TAB offers flexible services catered to each loan requirement.

TAB’s residential mortgage product targets sustainability-focused property investors and offers them discounts off an exit fee of 1.00% by meeting ESG criteria.

Borrowers can secure up to 0.50% off for improving Energy Performance Certificate (EPC) ratings (for example D to C: 0.25%, D to B: 0.35%, D to A: 0.50%).

In addition, sustainability action can earn a 0.25% discount, such as installing EV charging, efficient waste management, or using green materials.

An additional 0.25% discount is also available for social outcomes tied to UN Sustainable Development Goals, for example, if the property is leased to social enterprises, charities or adult learning.

TAB recently completed its private securitisation facility with NatWest and Atalaya Capital Management for £300m in October 2023. This facility will be used by TAB to support all of its lending products.

Duncan Kreeger, CEO and founder of TAB, said: "We are delighted to unveil our latest offering, the TAB Mortgage: Residential Investment product, marking a significant evolution in our commitment to serving the diverse needs of property investors. As we expand our portfolio, the TAB Mortgage: Residential Investment is not just another mortgage; it's a tailored solution that reflects our dedication to providing flexible products that meet the diverse needs of customers.”