TAB introduces AVMs along with a discounted mortgage rate

TAB, the real estate finance and investment house, has today announced a discounted rate on its mortgage products.

Additionally, the company has introduced the use of AVMs (Automated Valuation Model). 

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

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

This provides more accessible and cost-effective solutions for borrowers seeking short-term financing.

AVMs are available up to 60% LTV on residential properties valued up to £1m.

TAB will now utilise title indemnity insurance across its residential bridging products.

These initiatives will speed up deal completion times and will reduce costs for the borrower. 

Duncan Kreeger (pictured), founder and CEO of TAB, said: “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.”