The TMA Mortgage Club has expanded its lending panel by adding TAB, enhancing the range of bridging finance options available to its members. This move is significant as it allows brokers to offer their clients access to TAB’s diverse portfolio of specialist property finance products, including residential, semi-commercial, and commercial mortgages, along with bridging loans.
TL;DR: TMA Mortgage Club members can now access TAB’s specialist property finance products; this includes bridging loans with rates starting from 0.68% per month, benefiting brokers and their clients.
What Types of Bridging Finance Does TAB Offer?
TAB provides a comprehensive range of bridging finance solutions tailored to various property investment needs. Their bridging loans start at £100,000 and can go up to £5 million, with terms available for up to 24 months. Interest rates begin at 0.68% per month, making it an attractive option for property investors looking for quick access to funds.
How Does This Affect TMA Mortgage Club Members?
The addition of TAB to the TMA Mortgage Club’s lending panel significantly broadens the options available to brokers. Members can now offer clients a wider selection of financing solutions, which is particularly beneficial in a competitive market where flexibility and speed are essential. With TAB’s recent funding boost of £500 million from CarVal, brokers can have increased confidence in TAB’s ability to meet client needs, regardless of market conditions.
What This Means for Property Investors
For property investors, the expanded access to TAB’s bridging finance products means more opportunities to secure funding for various projects. With loan-to-value ratios of up to 75% on residential properties and 70% on commercial assets, investors can use their equity more effectively. This flexibility is important for those looking to seize market opportunities quickly, whether for purchasing new properties or renovating existing ones.
Frequently Asked Questions
What are the key benefits of TAB’s bridging loans?
TAB’s bridging loans offer competitive rates starting from 0.68% per month, flexible terms of up to 24 months, and loan amounts ranging from £100,000 to £5 million, making them suitable for various investment strategies.
Who can benefit from the new lending options?
Brokers and their clients, particularly property investors seeking quick and flexible financing solutions, can benefit from the new lending options provided by TAB through the TMA Mortgage Club.