The TMA Mortgage Club has announced that TAB, a specialist lender, has joined its lending panel, significantly enhancing the range of bridging finance options available to its members. This partnership allows brokers to offer TAB’s diverse property finance products, including residential, semi-commercial, and commercial mortgages, alongside bridging loans, thereby broadening their offerings to clients.
What New Products Does TAB Offer in Bridging Finance?
With the addition of TAB to the TMA Mortgage Club, brokers can now provide clients with a variety of specialist finance solutions. TAB’s product range includes:
- Residential, semi-commercial, and commercial mortgages with rates starting from 3.50% plus the Bank of England base rate.
- Bridging finance options offering loans from £100,000 to £5 million, with terms extending up to 24 months and competitive rates starting at 0.68% per month.
- Interest-only loans available, with loan-to-value ratios of up to 75% for residential properties and 70% for commercial assets.
How Does This Impact Brokers and Their Clients in Bridging Finance?
The inclusion of TAB in the TMA Mortgage Club lending panel is a significant development for brokers working in the property finance sector. With TAB’s established track record of lending £759 million since its inception in 2018, brokers can now offer their clients a wider array of financing options tailored to meet diverse property investment needs. The new funding facility of £500 million from CarVal enhances TAB’s ability to meet client demands, providing brokers and their clients with increased confidence in their lending capabilities.
What This Means for Property Investors Seeking Bridging Finance
For property investors, the expanded access to TAB’s bridging finance products presents a valuable opportunity. Investors looking for quick financing solutions can benefit from TAB’s competitive rates and flexible terms. The ability to secure loans of up to £5 million on an interest-only basis allows for greater financial flexibility, enabling investors to seize opportunities in the market more effectively.
Frequently asked questions
What types of properties can I finance with TAB?
TAB offers financing options for residential, semi-commercial, and commercial properties, catering to a variety of investment strategies.
What are the minimum and maximum loan amounts available?
TAB provides bridging loans ranging from £100,000 to £5 million, making it suitable for both small and large property investments.