TAB provided a £495,000 mortgage over 60 months at 75% LTV, secured against a modern two-bedroom flat within a newly completed four-unit residential development in Edinburgh.

The asset is a tenanted, income-generating property located in a strong rental market, offering immediate income alongside long-term investment stability.

The borrower required funding to refinance and reduce existing exposure, while restructuring wider development debt across the scheme.

TAB structured the facility to support this transition, taking a considered view on both the asset and the broader development position. The funding enables the borrower to stabilise the asset under a revised ownership structure, with a clear pathway to long-term financing.

As Broker Charles Mackintosh of Springmount Finance commented:
“Not every deal is straightforward. When complexity is there, you need a lender who leans in rather than steps back. TAB did exactly that, taking the time to understand the objective and working collaboratively to deliver a solution.”

The exit strategy is refinance onto a long-term mortgage within 12 months, once restructuring is complete and the asset is fully stabilised.