In a significant development for the specialist property finance market, TAB has joined the lending panel of TMA Mortgage Club. This partnership allows TMA members to access TAB’s diverse range of property finance products, which include residential, semi-commercial, and commercial mortgages, as well as bridging loans.
What is TAB’s Offering in Bridging Finance?
TAB provides a comprehensive selection of bridging finance solutions, offering loans ranging from £100,000 to £5 million. The terms can extend up to 24 months, with competitive rates beginning at just 0.68% per month. These offerings are particularly appealing to property investors looking for flexible funding options to seize opportunities in the market.
How Does This Affect TMA Mortgage Club Members?
The addition of TAB to the TMA Mortgage Club lending panel significantly enhances the range of products available to its broker members. With TAB’s focus on specialist property finance, brokers can now provide their clients with tailored solutions that meet specific investment needs. This move is expected to increase competition in the bridging finance sector, potentially leading to better rates and terms for borrowers.
What This Means for Property Investors
For property investors, the expanded access to TAB’s financing options could facilitate quicker transactions and more strategic investments. With loan-to-value ratios of up to 75% on residential properties and 70% on commercial properties, investors can use their equity more effectively. This is particularly important in a fluctuating market where timely access to funds can make a significant difference in securing desirable properties.
What Should Brokers Watch Next?
Brokers should keep an eye on the evolving market of bridging finance as TAB continues to expand its offerings. With TAB having lent £759 million since its inception in 2018 and bolstered by a £500 million facility from CarVal, the lender is well-positioned to support brokers and their clients through various market conditions. This partnership could lead to innovative product developments that cater to the unique needs of investors and borrowers alike.
Frequently asked questions
What types of loans does TAB offer?
TAB offers a range of loans including residential, semi-commercial, and commercial mortgages, as well as bridging loans starting from £100,000 up to £5 million.
What are the interest rates for TAB’s bridging loans?
Interest rates for TAB’s bridging loans start at 0.68% per month, with terms available for up to 24 months.