The specialist lender says that residential bridging loans of up to £750,000 and with a loan-to-value ratio of up to 70%, including the cost of borrowing, are eligible for the new fixed rates.   

It says for loans up to 60% LTV, the rate starts at 90 basis points per month. For loans up to 65% LTV, the rate is from 95bps per month and for loans up to 70% LTV, the rate starts from 1% per month.   

Terms range from one to 24 months and there are no exit fees, the firm adds.  

The lender points out that while the focus of the reworked range is residential properties, it will consider loans secured against commercial properties.  

TAB founder and chief executive TAB Duncan Kreeger says: “With the base rate shifting last spring, we had to find a balance between supporting our borrowers and supporting our business.   

“The solution was to become the first bridging lender to introduce tracker rates.   

“As the market stabilises, we wanted to provide more options for our customers. Reintroducing fixed rates, to complement our tracker products, was one of them.   

“Your payments won’t go up for the duration of the loan, no matter how high rates go. And you’ll know exactly what you’ll pay so you can budget around it.”