Real estate lender TAB has secured a £300 securitisation facility from NatWest for its bridging loan and mortgage products.
In brief:
-UK banking giant NatWest is backing green mortgage lender TAB with a new funding line as it looks to scale its loan book
-TAB, which launched in 2018, is lending about says its loan book will hit £500m next year.
-It recently launched a new commercial mortgage product from £150,000 to £2.5m that includes incentives via discounts on future payments if certain environmental criteria are met.
What does this mean?
“NatWest is pleased to support TAB both in the bridging space and with its new term mortgage product that encourages ESG-positive behaviour. Sustainability is a key focus for NatWest and we look forward to a successful and sustainable partnership with TAB,” Daniella Siretz, Managing Director at NatWest said.
