In a significant development for property finance, TAB has joined the lending panel of TMA Mortgage Club, allowing its members to access a wider array of specialist finance products. This partnership is particularly important for brokers and their clients, as it enhances the options available in the bridging finance sector, which is important for property investors seeking flexible funding solutions.
What Types of Finance Does TAB Offer?
TAB provides a comprehensive range of finance solutions tailored for property investors. This includes residential, semi-commercial, and commercial mortgages, as well as bridging loans. For those looking to invest in property, TAB offers competitive rates starting from 3.50% plus the Bank of England base rate. Loans are available on an interest-only basis, ranging from £100,000 to £5 million, with loan-to-value (LTV) ratios of up to 75% for residential assets and 70% for commercial properties.
How Does TAB’s Bridging Finance Work?
Bridging finance from TAB is designed to meet urgent funding needs, providing loans between £100,000 and £5 million with terms of up to 24 months. The rates start from just 0.68% per month, making it an attractive option for investors who require quick access to capital. This flexibility can be particularly beneficial in fast-moving property markets where speed is essential.
What This Means for Brokers and Property Investors
The addition of TAB to the TMA Mortgage Club’s lending panel significantly enhances the options available to brokers. With TAB having lent £759 million since its inception in 2018, the lender’s recent £500 million facility from CarVal further strengthens its funding capabilities. This development instills confidence in brokers and their clients, ensuring they have access to reliable finance solutions regardless of market conditions.
Frequently Asked Questions
What are the benefits of using TAB’s bridging finance?
TAB’s bridging finance offers quick access to funds, competitive rates, and flexible terms, making it ideal for property investors needing immediate capital.
How can brokers access TAB’s products through TMA?
Brokers can access TAB’s range of products by joining TMA Mortgage Club, which now includes TAB in its lending panel, expanding their financing options.