The TMA Mortgage Club has announced the addition of TAB to its lending panel, enhancing the range of bridging finance options available to its members. This partnership allows brokers to offer TAB’s diverse selection of specialist property finance products, which include residential, semi-commercial, and commercial mortgages, as well as bridging loans. The inclusion of TAB is significant as it broadens the financing avenues for property investors and brokers alike.
What types of bridging finance does TAB offer?
TAB provides a comprehensive range of bridging finance solutions, catering to various property types. Loans are available from £100,000 to £5 million, with terms extending up to 24 months. The interest rates for these bridging loans start at 0.68% per month, making them an attractive option for those needing quick access to capital. This flexibility is particularly beneficial for property investors looking to seize opportunities in a competitive market.
How does this affect brokers and their clients?
The addition of TAB to the TMA Mortgage Club’s lending panel means that brokers now have access to a wider array of financing options tailored to the needs of their clients. With TAB’s offerings, brokers can facilitate loans with a loan-to-value ratio of up to 75% for residential properties and 70% for commercial assets. This increased access to funding is vital for brokers aiming to meet the diverse needs of property investors, especially in a fluctuating market.
What this means for property investors
For property investors, the partnership between TAB and TMA Mortgage Club translates to enhanced financing flexibility. With TAB’s competitive rates and extensive loan options, investors can secure the necessary funds for various projects, whether residential or commercial. The ability to access loans on an interest-only basis allows for better cash flow management, which is important for maintaining investment profitability. Furthermore, TAB’s strong lending history, having issued £759 million since its inception in 2018, adds a layer of confidence for investors seeking reliable financing partners.
Frequently asked questions
What is bridging finance?
Bridging finance is a short-term loan designed to bridge the gap between the purchase of a new property and the sale of an existing one. It is often used in property transactions where quick access to funds is necessary.
How can I apply for a bridging loan through TAB?
Brokers can facilitate applications for TAB’s bridging loans through the TMA Mortgage Club, ensuring clients receive tailored financial solutions that meet their specific needs.