The Right Mortgage & Protection Network has recently added TAB to its panel, enhancing access to bridging finance for advisers and their clients. This partnership allows for a broader range of bridging products, which is particularly significant for landlords and property investors seeking quick financing solutions.
What are TAB’s Bridging Finance Offerings?
With rates beginning at 0.68% per month, TAB provides bridging loans that range from £100,000 to £5 million. This lender is open to considering loan-to-values exceeding 70% for residential properties and up to 70% for commercial assets. Funding is accessible to individuals, limited companies, and LLPs across England, Wales, and mainland Scotland.
Why is This Addition Important?
The inclusion of TAB in The Right Mortgage Network’s panel is a notable development in the bridging finance sector. Established in 2018, TAB has already deployed over £800 million and is supported by CarVal and a network of more than 500 investors. This move aims to streamline the process for advisers and their clients, providing a quicker and more efficient approach to specialist finance.
What This Means for Landlords and Investors
This partnership is particularly beneficial for landlords and property investors who often require rapid funding solutions. With TAB’s competitive rates and flexible lending criteria, clients can access necessary capital for property purchases or renovations without lengthy delays. This could prove vital in a competitive property market where timing is essential.
Frequently asked questions
What types of properties can TAB finance?
TAB offers bridging finance for both residential and commercial properties, with specific loan-to-value ratios applicable to each type.
Who can apply for TAB’s bridging loans?
Individuals, limited companies, and LLPs can apply for TAB’s bridging loans, making it accessible for a wide range of borrowers.