The lender said that the deal offers property investors interest-only loans on buy-to-let and other residential investment properties such as houses in multiple occupation (HMO), holiday lets and Airbnbs up to £2.5m with terms from three to 10 years.
Tab added that borrowers can access loans with an LTV of up to 70 per cent, but there are “flexible and fast services catered to each loan requirement.
The product also targets “sustainability-focused property investors” with 100 per cent discounts off an exit fee of one per cent, if ESG criteria is meant.
Investors can secure up to 0.5 per cent up for improving an EPC rating, 0.25 per cent for sustainability action like installing EV charging points and an additional 0.25 per cent discount for social outcomes tied to UN Sustainable Development Goals.
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 for 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.”
The firm recently secured a £300m private securitization facility in October with Natwest and Atalaya Capital, which is being used by Tab to support all its lending products.
Since it secured its funding, the lender has introduced a fractional ownership product which allowed investors to own assets for a lower cost.
Tab has also been growing its team, hiring Martyn Evans and Paul Holmes in the North and bringing on Andy Reid and Lyam Denney to grow its footprint beyond London and the M25.
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