Can I speak with a TAB Mortgage representative to discuss my specific needs?

Yes! We encourage you to reach out to our knowledgeable team to discuss your commercial mortgage needs in detail. You can schedule a consultation by contacting us via phone, email, or through the contact form on our website.

How do I apply for a commercial mortgage with TAB Mortgage?

Applying for a commercial mortgage is a straightforward process with TAB Mortgage. You can start by contacting our experienced team, either through our website or by calling our office directly. We will guide you through the application process, help you gather the necessary documents, and assess your financial situation to find the best solution for you.

What types of properties can I finance with a commercial mortgage?

We finance a wide range of commercial properties, including office spaces, retail buildings, industrial facilities, warehouses, mixed-use properties, and more. Our expertise allows us to provide funding for various property types to meet your unique requirements.

Who is eligible to apply for a commercial mortgage?

Our commercial mortgage solutions are designed to cater to various types of businesses, including sole proprietors, partnerships, corporations, and limited liability companies. Eligibility criteria may vary based on factors such as creditworthiness, business history, property type, and loan amount.

What is a commercial mortgage?

Commercial mortgages offer business owners the opportunity to borrow money secured against income-producing properties. Whether you own a residential buy to let, an office building, retail space, industrial property, or any other income producing asset, TAB Mortgage can be tailored to suit your needs.

TAB Mortgage

Rates from 3.50% plus the Bank of England base rate.

TAB Mortgage is our long-term lending solution for residential, semi-commercial, and commercial properties. Backed by the TAB Tracker your rate moves with the Bank of England base rate, providing flexibility and transparency in today’s market.

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TAB. Trust. Transparency.

Capital at risk. View the risks here.

Key features

• Loan size: £100,000 to £5,000,000

• LTV: Up to 75% (Residential) | 70% (Commercial)

• Term: 3 to 5 years

• First charge only

• Interest-only repayment

• Available in England, Wales & Mainland/Non-Rural Scotland

• Arrangement Fee: 2% | Exit Fee: 2% (ESG discounts available)

Make an enquiry

Residential property lending

Includes semi-commercial properties with
50% residential space

LTV	Margin from
Up to 50%	3.50%
Up to 60%	4.00%
Up to 70%	4.50%
Over 70%	5.00%

Commercial property lending

Includes semi-commercial properties with
50% residential space

LTV	Margin from
Up to 50%	4.00%
Up to 60%	4.50%
Up to 70%	5.00%
Over 70%	Not offered

Eligibility & Criteria

Minimum property value: £150,000
Customer type: Individual, Ltd, or LLP registered in the UK
Tenure: Freehold, Feuhold or Leasehold (min. 65 years remaining)
Legal charge: First charge only
Servicing requirement: DSCR 125% at stressed rate (+1%)
Secured arrears: None in the last 12 months – late payments acceptable as long as made prior to the due date of the next payment.

CCJ’s: None in the last 12 months; one over £750 in the last 24 months
Defaults: As above
BKO/IVA/CVA: None in the last 3 years
Associated company adverse (e.g. background liquidations): Considered on a case-by-case basis
Unsecured arrears: Acceptable, subject to overall profile not being in decline

Borrower profile & experience

At least 1 BTL owned 1 year or relevant sector experience
Serviced offices/multi-lets: 2+ years experience or multiple FRI leases
Commercial FTB/FTL - accepted as long as already let on a full FRI lease with 2 or more years left to run
Residential FTB/FTL - accepted as long as already bought as an investment and not to be owner-occupied

Affordability criteria

Owner-occupied/OpCo PropCo
1-2 years of accounts showing net profit or EBITDA
Must reflect market rent
Bank statements to confirm rent flow
Leases must be in place between owner and operator

Unacceptable property types

100% Timber Frame

Football clubs/training grounds

Restrictive Occupancy covenants

Operating Care homes

Operating Schools and childcare nurseries

Nightclubs/Adult entertainment

Gambling or gaming premises

Equestrian centres

Golf clubs

Places of worship

Properties <10 years old without Warranty/PCC

Land

Petrol Stations

Farming/Agricultural properties

Grade I listed properties

Mobile Homes/Houseboats

Freehold flats or maisonettes

Properties containing Mundic materials

Properties requiring structural works

Properties with works requiring planning permission

Make an enquiry

ESG Discount

There are three categories of ESG Discount: EPC, Sustainability and Social.
Borrowers may be eligible for all three in respect of each loan.

EPC

Discount:

0.33%

Outcome:

EPC rating A, B or C at expiry of the term

Evidence:

This will be assessed by the borrower providing the EPC certificate

Sustainability

Discount:

0.33%

Outcome*:

Reduction of a business’s environmental impact showcased by upgrades to the property or a sustainability plan

Evidence:

Works done to be independently verified by a relevant expert

Social

Discount:

0.33%

Outcome*:

Property is let to a social enterprise or charity or for adult learning or the property is used for health and wellbeing

Evidence:

Site visit and documented evidence of legal occupation of the property

Make an enquiry

*Outcomes in these buckets are examples of what is eligible for ESG Discount. Borrowers can present alternative outcomes provided they can be evidenced accordingly.

How it works

Application

Following an initial enquiry, borrowers apply for a loan through our online system.

Decision

Terms are agreed and our team does due diligence on the borrower and the security property as part of the underwriting process.

Completion

Borrowers receive funds and pay interest monthly. Borrowers make ESG improvements to their properties.

Redemption

Borrowers can redeem at any time. They can apply for the ESG Discount (with supporting evidence) to potentially reduce the 2.5% exit fee by up to half.

Make an enquiry

We want to make sure you have the right support for you. Whether it's a current deal, an enquiry or your investor account. You can speak to one of our team members from Monday to Friday 9am to 5:30pm