Monday, January 1, 2024
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TAB has announced a new residential investment mortgage product for landlords looking to borrow up to £2.5 million over 3-10 years at up to 70% loan to value.
The product is designed for non-regulated residential investment properties including HMOs, holiday lets and AirBnBs. Targeting sustainability-focused property investors, the lender offers them 100% discounts off an exit fee of 1.00% by meeting ESG criteria. Up to 0.50% off is available for improving Energy Performance Certificate (EPC) ratings. Sustainability action can earn a 0.25% discount (for example installing EV charging, efficient waste management, using green materials).
An additional 0.25% discount is available for social outcomes tied to UN Sustainable Development Goals (for example, if the property is leased to social enterprises, charities or adult learning). The TAB team will work closely with the borrower so that outcomes are assessed with the appropriate evidence.
Duncan Kreeger, CEO and founder of TAB, said: "It's a tailored solution that reflects our dedication to providing flexible products that meet the diverse needs of customers.”
Call Trinity Specialist Finance to secure a mortgage on 020 7016 6151 or book a consultation
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