TAB has launched a new residential investment mortgage product in a bid to provide investors with tailored environmental, social and governance (ESG) focused financing solutions.
The mortgage product offers property investors interest-only loans on buy-to-let and other residential investment properties including houses in multiple occupation (HMOs), holiday lets and Airbnbs up to £2.5m and terms from three to 10 years.
Borrowers can access loans with loan-to-value (LTV) of up to 70% although TAB offers flexible and fast services catered to each loan requirement.
TAB’s residential mortgage product targets sustainability-focused property investors and offers them 100% discounts off an exit fee of 1.00% by meeting ESG criteria.
Investors can benefit from 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 (for example installing EV charging, efficient waste management, using green materials).
The TAB team will work closely with the borrower so that outcomes are assessed with the appropriate evidence.
Duncan Kreeger (pictured), 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.”
