The recent addition of TAB to the TMA Mortgage Club lending panel significantly enhances the options available for brokers and their clients in the specialist property finance sector. This partnership allows TMA members to access TAB’s diverse range of property finance products, including residential, semi-commercial, and commercial mortgages, as well as bridging loans.
What bridging finance options does TAB offer?
TAB provides a comprehensive selection of bridging finance solutions, catering to various property investment needs. Their bridging loans range from £100,000 to £5 million, with terms extending up to 24 months. Interest rates start at just 0.68% per month, making it an attractive option for those needing quick access to funds for property transactions.
How does this impact TMA Mortgage Club members?
The inclusion of TAB in the TMA Mortgage Club lending panel significantly broadens the financing options for brokers. Members can now offer their clients access to TAB’s competitive rates and flexible loan structures, enhancing their ability to meet diverse client needs. This move is particularly beneficial for property investors looking for tailored financial solutions in a fluctuating market.
What does this mean for property investors?
For property investors, this partnership opens up new avenues for financing. With TAB’s offerings, investors can secure loans for residential and commercial properties with loan-to-value ratios of up to 75% for residential assets and 70% for commercial properties. This flexibility allows investors to use their existing assets more effectively, facilitating growth and expansion in their property portfolios.
Frequently asked questions
What types of properties can TAB finance?
TAB offers financing for a range of property types, including residential, semi-commercial, and commercial properties, making it suitable for various investment strategies.
What should brokers know about TAB’s lending criteria?
Brokers should be aware that TAB provides loans on an interest-only basis, with amounts ranging from £100,000 to £5 million. Understanding the specific loan-to-value ratios and interest rates will be important for advising clients effectively.