TAB launches three-year discounted rate and introduces residential AVMs

TAB has launched a discounted rate on its mortgage products and introduced the use of automated valuation models (AVMs) across its residential range.

TAB is now offering a mortgage rate starting at 3.74% per annum over the Bank of England Base Rate for both residential investments and commercial property.

AVMs are available up to 60% LTV on residential properties valued up to £1 million. TAB will also utilise title indemnity insurance across its residential bridging products to help speed up deal completion times and reduce costs for the borrower.

TAB recently lowered its bridging loan rates, which start at 6.00% per annum over the base rate.

Duncan Kreeger, founder and CEO of TAB, commented: "We are thrilled to announce these discounted rates and the introduction of new initiatives which will make our products more sustainable and competitive. Over the last few months, we have worked with our clients to understand their priorities and have designed products to meet their needs.

“By leveraging innovative tools like AVM and title indemnity insurance, we can streamline the lending process, helping our clients to secure funding more quickly and efficiently and deliver mortgages at bridging speed. These changes are part of our ongoing goal to support property investors with market-leading products and exceptional service."