In a significant development for property finance, TAB has joined the TMA Mortgage Club’s lending panel. This partnership allows TMA members to access TAB’s diverse range of specialist property finance products, which includes residential, semi-commercial, and commercial mortgages, along with bridging loans.
What bridging finance options does TAB offer?
TAB provides a comprehensive selection of bridging finance solutions. Their offerings include loans ranging from £100,000 to £5 million, with terms extending up to 24 months. The interest rates for these bridging loans start at a competitive 0.68% per month, making them an attractive option for investors looking to secure quick financing.
How does this partnership benefit TMA Mortgage Club members?
With TAB’s inclusion in the TMA Mortgage Club, brokers gain access to a wider array of financial products tailored for property investors. This is particularly beneficial in a market where flexibility and speed are essential. The addition of TAB’s offerings means brokers can provide their clients with more choices, enhancing their ability to meet diverse financing needs.
What this means for property investors and landlords
For property investors and landlords, the expanded access to TAB’s products signifies a broader range of financing options. With TAB having lent £759 million since its inception in 2018 and bolstered by a £500 million facility from CarVal, investors can feel more confident in the lender’s capacity to deliver funding regardless of market fluctuations. The ability to secure loans with a loan-to-value ratio of up to 75% on residential properties and 70% on commercial properties further enhances the attractiveness of TAB’s offerings.
What should brokers watch for next?
Brokers should keep an eye on how the partnership between TAB and TMA Mortgage Club evolves, particularly in terms of new product offerings and any changes in lending criteria. As the market continues to shift, staying informed about these developments will be important for brokers aiming to provide the best service to their clients.
Frequently asked questions
What types of properties can TAB finance?
TAB offers financing for residential, semi-commercial, and commercial properties, as well as bridging loans.
What are the interest rates for TAB’s bridging loans?
The interest rates for TAB’s bridging loans start from 0.68% per month, making them competitive in the current market.