The TMA Mortgage Club has expanded its lending panel by adding TAB, enabling its members to access a wider range of specialist property finance products. This inclusion is particularly significant for brokers and their clients, as it enhances the availability of bridging finance and other mortgage options in the current market.
What Types of Bridging Finance Products Does TAB Offer?
TAB provides a diverse selection of property finance solutions, catering to various investor needs. Their offerings include:
- Residential mortgages with rates starting at 3.50% plus the Bank of England base rate.
- Semi-commercial and commercial mortgages with loan-to-value ratios of up to 75% for residential assets and 70% for commercial properties.
- Bridging loans ranging from £100,000 to £5 million, with terms extending up to 24 months and rates beginning at 0.68% per month.
This range is designed to support property investors looking for flexible financing options.
How Does This Impact Brokers and Their Clients Seeking Bridging Finance?
The addition of TAB to the TMA Mortgage Club’s lending panel significantly enhances the options available to brokers. With TAB’s history of lending £759 million since its inception in 2018 and a recent £500 million funding facility from CarVal, brokers can have increased confidence in the lender’s capacity to deliver loans, regardless of market conditions. This is particularly relevant for those seeking bridging finance, as it opens up more avenues for quick funding solutions.
What This Means for Property Investors Looking for Bridging Finance
For property investors, the expanded access to TAB’s products means more opportunities to secure financing for various projects. Whether looking for residential, semi-commercial, or commercial mortgages, investors can now benefit from competitive rates and flexible terms. The ability to obtain bridging finance quickly can be especially advantageous in a fast-paced market, allowing investors to act swiftly on opportunities without lengthy delays.
Frequently Asked Questions
What are the benefits of TAB’s bridging finance?
TAB’s bridging finance offers quick access to funds, with loans available from £100,000 to £5 million and terms of up to 24 months, making it ideal for property investors needing immediate financing.
How can brokers benefit from the new lending options?
Brokers can expand their product offerings and provide clients with a wider range of financing solutions, enhancing their ability to meet diverse client needs in the property market.