The recent addition of TAB to the TMA Mortgage Club lending panel marks a significant development in the bridging finance sector. This partnership enables TMA Mortgage Club members to access TAB’s diverse range of specialist property finance products, enhancing the options available for brokers and their clients.
What Products Does TAB Offer?
TAB specializes in a variety of property finance solutions, including residential, semi-commercial, and commercial mortgages, along with bridging loans. Their offerings cater to property investors, with mortgage rates starting at 3.50% plus the Bank of England base rate. TAB provides loans ranging from £100,000 to £5 million on an interest-only basis, with loan-to-value (LTV) ratios reaching up to 75% for residential assets and 70% for commercial properties.
How Does TAB’s Bridging Finance Work?
For those interested in bridging finance, TAB’s range includes loans from £100,000 to £5 million, with terms available for up to 24 months. Rates start at 0.68% per month, making it a competitive option for those needing quick access to funds. This flexibility is particularly beneficial for investors looking to seize opportunities in the property market.
What This Means for Brokers and Property Investors
The inclusion of TAB in the TMA Mortgage Club lending panel significantly enhances the resources available to brokers. With TAB’s track record of lending £759 million since its inception in 2018 and a recent £500 million facility from CarVal, brokers can feel more confident in TAB’s ability to deliver financing solutions, regardless of market conditions. This development is likely to lead to more competitive offerings in the bridging finance sector, ultimately benefiting property investors and landlords.
What Should Borrowers Watch Next?
Borrowers and investors should keep an eye on how this partnership influences the overall bridging finance market. As TAB expands its offerings and funding options, it may lead to more competitive rates and terms across the market. Staying informed about these changes will be important for making strategic financial decisions in property investment.
Frequently asked questions
What types of loans does TAB provide?
TAB offers a range of loans including residential, semi-commercial, and commercial mortgages, as well as bridging loans, catering to various property investment needs.
How can brokers benefit from TAB joining TMA Mortgage Club?
Brokers can access a wider array of specialist property finance products, enhancing their ability to meet client needs and providing more competitive options in the market.