It will continue to offer loans for refinancing and purchase for 12 months, with all interest retained for the duration of the loan.
The lender has implemented this change to remain open for business.
It is confident that putting the business continuity measures in action — which were successfully tested during the first lockdown in March — will ensure the company will remain active.
Duncan Kreeger, founder and CEO of TAB (pictured above), said: “Understanding the challenges that our customers might face is key to keeping things moving.
- Albatross Capital secures further funding and ups max loan size
- TAB offers free valuations on purchases under £1m
- TAB announces automatic 12-month extensions on new loans
“Sometimes, even the smallest changes can have the biggest effect.
“We are very aware that these government guidelines, while necessary from a public health perspective, can cause people huge stress and anxiety, and we are committed to providing a seamless experience for our customers."
Julian Ingall, director at Coreco Commercial, commented: “We’ve been working with TAB for some time and have always been impressed with their proactiveness and innovation.
“Yet again, they’re leading the way with clever solutions during these challenging times and keeping the lending market fluid.”
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