In a significant development for the property finance sector, TAB has been added to the TMA Mortgage Club’s lending panel. This partnership expands the range of specialist property finance products available to TMA Mortgage Club members, including residential, semi-commercial, and commercial mortgages, as well as bridging loans.
What types of bridging finance products does TAB offer?
TAB provides a diverse array of property finance products tailored for various needs. Their offerings include residential mortgages with rates starting from 3.50% plus the Bank of England base rate, and loans ranging from £100,000 to £5 million on an interest-only basis. For commercial properties, TAB offers loans with a maximum loan-to-value ratio of 70%. Additionally, TAB’s bridging finance options allow for loans from £100,000 to £5 million, with terms of up to 24 months and rates beginning at 0.68% per month.
How does this impact brokers and their clients?
The addition of TAB to the TMA Mortgage Club’s lending panel is a strategic move that enhances the options available to brokers. This is particularly important in a competitive market where having access to diverse financing solutions can make a significant difference. With TAB’s track record of lending £759 million since its inception in 2018, brokers can feel more confident in presenting TAB’s products to clients, knowing that the lender has a robust financial backing, including a £500 million facility from CarVal.
What this means for property investors using bridging finance
For property investors, the expanded range of products from TAB offers greater flexibility in financing options. The ability to secure loans with higher loan-to-value ratios on residential and commercial properties can facilitate quicker acquisitions and investment strategies. The competitive rates and terms provided by TAB also enable investors to manage their cash flow more effectively, which is important in a dynamic property market. For more information on how bridging finance works, visit our bridging finance guide.
Frequently asked questions
What are the benefits of bridging finance?
Bridging finance offers quick access to funds, making it ideal for property investors needing to act fast on opportunities. It can be used for purchasing properties at auction, refurbishing properties, or covering short-term cash flow gaps.
How can I access TAB’s products through TMA Mortgage Club?
Brokers who are members of the TMA Mortgage Club can access TAB’s range of products directly. They can use these offerings to provide tailored financing solutions to their clients, enhancing their service and competitiveness in the market.