In a significant development for the bridging finance sector, TAB has joined the lending panel of TMA Mortgage Club. This partnership will enable TMA members to access TAB’s diverse range of specialist property finance products, including residential, semi-commercial, and commercial mortgages, as well as bridging loans.
What Products Does TAB Offer in Bridging Finance?
TAB provides a variety of financing solutions tailored for property investors. Their mortgage offerings start at 3.50% plus the Bank of England base rate, with loans ranging from £100,000 to £5 million available on an interest-only basis. The loan-to-value (LTV) ratios are set at up to 75% for residential properties and 70% for commercial assets.
For those seeking immediate financing, TAB’s bridging finance options are particularly noteworthy. They offer loans between £100,000 and £5 million with terms of up to 24 months, and competitive rates starting from 0.68% per month. This flexibility allows investors to secure funds quickly, which is important in the fast-paced property market.
Why Is This Partnership Important for Bridging Finance?
The inclusion of TAB in TMA Mortgage Club’s lending panel broadens the financing options available to brokers and their clients, particularly in the specialist property finance market. With TAB having lent £759 million since its inception in 2018, this partnership signals a robust commitment to supporting property investors.
Moreover, the recent £500 million facility secured from CarVal enhances TAB’s funding capabilities, providing brokers and clients with greater confidence in their ability to deliver financing solutions, regardless of market conditions.
What This Means for Brokers and Investors in Bridging Finance
For brokers, the addition of TAB’s products means an expanded toolkit to meet the diverse needs of their clients. Investors looking for bridging finance now have access to more competitive rates and flexible terms, which can be pivotal in securing properties quickly or managing cash flow effectively during transitions.
This partnership also highlights the growing importance of specialist lenders in the UK property market, as traditional banks often have more rigid lending criteria. The ability to access tailored financial products can significantly impact investment strategies and opportunities.
Frequently Asked Questions
What types of loans can I access through TAB?
Through TAB, you can access residential, semi-commercial, and commercial mortgages, as well as bridging loans, with amounts ranging from £100,000 to £5 million.
What are the rates for TAB’s bridging finance?
TAB’s bridging finance starts from 0.68% per month, with terms available for up to 24 months, allowing for flexible financing options for property investors.