TAB has launched interest-only buy-to-let loans of up to £2.5m that meet green standards and other social criteria.  

The specialist lender says its TAB Mortgage: Residential Investment product covers landlord properties such as houses in multiple occupation, holiday lets and AirBnB’s up to 70% loan-to-value for terms ranging between three and 10 years.   

It adds that the loan, mainly aimed at professional property investors, offers 100% discounts off an exit fee of 1.00% by meeting certain environmental, social and governance criteria, such as:  

• Up to 50 basis points off for improving energy performance certificate ratings — for example, D to C: 25bps, D to B: 35bps, D to A: 50bps  
• Sustainability action can earn a 25bps discount — for example installing electric vehicle charging, efficient waste management, using green materials  
• An additional 25bps discount for social outcomes tied to United Nations sustainable development goals — for example, if the property is leased to social enterprises, charities or adult learning  

TAB founder and chief executive Duncan Kreeger says: “As we expand our portfolio, the TAB Mortgage: 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.”