TAB launches new residential investment mortgage product
By Jodie BradleyTAB, the real estate finance and investment house, has launched its new residential investment mortgage product which offers property investors interest-only loans on BTL and other resi investment properties.
Section: ESG
This move aligns with TAB's commitment to providing tailored ESG-focused financing solutions and expanding its presence in the residential market.
Other investment properties include HMOs, holiday lets and AirBnBs up to £2.5m and terms from three to 10 years.
Borrowers can access loans with 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.
The discounts include:
- up to 50bps off for improving EPC ratings
- sustainability action can earn a 25bps discount (for example installing EV charging, efficient waste management, using green materials)
- an additional 25bps discount for social outcomes tied to UN sustainable development goals (for example, if the property is leased to social enterprises, charities or adult learning)
Duncan Kreeger, CEO and founder of TAB (pictured above), 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 product 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.”
Keywords: TAB, duncan kreeger, product, hmo, airbnb, epc, discount, residential, professional landlords, EV, property investors, real estate
Source: BTL Insider — https://btlinsider.co.uk/tab-launches-new-residential-investment-mortgage-product