TAB, the real estate finance and investment house, has launched its first commercial mortgage product.
The product prioritises sustainability and has built-in environmental, social and corporate governance (ESG) criteria to encourage best practice and reward those who make improvements with an exit discount.
TAB’s mortgage product comprises interest-only loans from £250,000 to £2,500,000 and terms from three to 10 years.
Borrowers can access loans with a flexible loan-to-value (LTV) of up to 65%.
Borrowers can earn discounts of up to 1.25% off an exit fee of 2.5% by meeting ESG criteria – including improving Energy Performance Certificate (EPC) ratings and making sustainability action such as installing EV charging, efficient waste management, and 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: “This commercial mortgage represents the natural next step for our business.
“We are thrilled to introduce our mortgage product, further building on the trust we have established with our customers and can continue serving property investors beyond their short-term needs.
“The TAB Mortgage offers personalised commercial mortgages at the speed of bridging.
“It was important to us not to create just another commercial mortgage.
“Buildings endure long after we do, so it’s essential that our mortgage product not only encourages our customers to make environmental improvements but also prioritises sustainability and well-being.”
He added: “This product rewards those who want to make positive change and provides tangible discounts which we hope will contribute to the futureproofing of buildings, enhancing our communities and environment.
“At TAB, we are committed to playing our part in a more sustainable future.”
