The company is also offering a rate starting at 3.74% per annum over the BBR for commercial property.
TAB’s bridging loan rates have also has also lowered, now starting at 6.00% per annum over the base rate.
Meanwhile, TAB will now utilise title indemnity insurance across its residential bridging products, designed to speed up deal completion times and reduce borrower costs.
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Duncan Kreeger, founder and CEO at TAB (pictured above), commented: "We are thrilled to announce these discounted rates and the introduction of new initiatives which will make our products more sustainable and competitive.
“Over the last few months, we have worked with our clients to understand their priorities and have designed products to meet their needs."
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