The recent addition of TAB to the TMA Mortgage Club lending panel marks a significant development in the bridging finance sector, offering TMA members enhanced access to a variety of specialist property finance products. This inclusion is particularly important for brokers and their clients, as it expands the range of options available for residential, semi-commercial, and commercial mortgages, as well as bridging loans.
What Types of Bridging Finance Does TAB Offer?
TAB provides a robust selection of bridging finance options, with loans ranging from £100,000 to £5 million. These loans can be secured on residential, semi-commercial, and commercial properties. Notably, TAB’s bridging finance comes with terms of up to 24 months and competitive rates starting from 0.68% per month, making it an attractive choice for investors looking to seize opportunities quickly.
How Does This Impact TMA Mortgage Club Members?
The inclusion of TAB in the TMA Mortgage Club lending panel significantly enhances the resources available to brokers. Members can now offer their clients access to TAB’s extensive product range, which includes interest-only loans with loan-to-value ratios of up to 75% for residential properties and 70% for commercial assets. This flexibility is vital for property investors seeking tailored financing solutions in a fluctuating market.
Why Is This Development Important for Property Investors?
For property investors, the ability to secure bridging finance quickly can be a game-changer. With TAB having lent £759 million since its inception in 2018, and recently securing a £500 million facility from CarVal, the lender has demonstrated its capacity to support brokers and their clients effectively. This development means that investors can have greater confidence in TAB’s ability to deliver financing solutions, regardless of market conditions.
What This Means for Brokers and Their Clients
The addition of TAB to the TMA Mortgage Club lending panel is a positive shift for brokers and their clients. With a broader array of financing options, brokers can better cater to the diverse needs of their clients, whether they are looking for short-term bridging loans or longer-term mortgages. This expanded choice can lead to more competitive rates and terms, ultimately benefiting borrowers in the property market.
Frequently asked questions
What are the benefits of bridging finance?
Bridging finance offers quick access to funds, making it ideal for property investors needing to act fast on opportunities. It can also be used to cover gaps in financing during property transactions.
How do I apply for a bridging loan with TAB?
Brokers can facilitate applications for bridging loans through the TMA Mortgage Club, providing clients with access to TAB’s range of products and competitive rates.