In a significant move for property finance, TAB has joined the TMA Mortgage Club lending panel, expanding options for brokers and their clients. This partnership allows 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 types of finance does TAB offer?
TAB provides a variety of finance options tailored for property investors. Their mortgage offerings include residential, semi-commercial, and commercial mortgages, with interest rates beginning at 3.50% plus the Bank of England base rate. The loans available range from £100,000 to £5 million on an interest-only basis, featuring loan-to-value ratios of up to 75% on residential properties and 70% on commercial assets.
How does TAB’s bridging finance work?
For those needing quick access to funds, TAB’s bridging finance is particularly appealing. They offer loans from £100,000 to £5 million with terms extending up to 24 months. Rates for these bridging loans start at 0.68% per month, providing a flexible solution for investors looking to secure property quickly.
What this means for brokers and property investors
The addition of TAB to the TMA Mortgage Club lending panel significantly broadens the options available to brokers and their clients in the specialist property finance market. This change is particularly important for landlords and property investors who may require tailored financing solutions to navigate the complexities of property investment. With TAB having lent £759 million since its inception in 2018 and having secured a £500 million facility from CarVal, brokers can have increased confidence in TAB’s capacity to deliver financing solutions under various market conditions.
Frequently asked questions
What are the key benefits of TAB’s bridging finance?
TAB’s bridging finance offers quick access to funds with competitive rates starting from 0.68% per month, making it an attractive option for property investors needing immediate financing.
How can brokers benefit from the new partnership with TAB?
Brokers can now provide their clients with a wider range of specialist property finance options, including residential and commercial mortgages, enhancing their service offerings and potentially increasing their business opportunities.