In a significant move for the property finance sector, TAB has joined the lending panel of TMA Mortgage Club, enhancing the options available to its broker members. This partnership allows access to TAB’s diverse range of specialist property finance products, including residential, semi-commercial, and commercial mortgages, as well as bridging loans. The inclusion of TAB’s offerings is particularly important for brokers and their clients, as it expands their financing choices in a competitive market.
TL;DR: TAB’s partnership with TMA Mortgage Club introduces a variety of specialist property finance products; brokers can now access loans starting from 3.50% plus the Bank of England base rate.
What Types of Bridging Finance Does TAB Offer?
TAB provides a comprehensive range of bridging finance options, catering to various property needs. Their bridging loans are available from £100,000 to £5 million, with terms extending up to 24 months. Rates start at an attractive 0.68% per month, making them a viable option for property investors seeking quick financing solutions. This flexibility allows borrowers to address immediate funding needs, whether for property purchases or renovations.
How Does This Impact Brokers and Their Clients?
The addition of TAB to the TMA Mortgage Club lending panel significantly broadens the financing options for brokers. With TAB having lent £759 million since its inception in 2018, their track record instills confidence in brokers and their clients. The recent £500 million facility secured from CarVal further enhances TAB’s funding capabilities, ensuring that brokers can rely on them to deliver financing solutions, regardless of market conditions. This partnership is likely to empower brokers to serve their clients better, especially those looking for specialist property finance.
What This Means for Property Investors
For property investors, the partnership between TAB and TMA Mortgage Club opens up new avenues for accessing finance. With loan-to-value ratios of up to 75% on residential assets and 70% on commercial properties, investors can use TAB’s products to maximise their investment potential. The competitive rates starting from 3.50% plus the Bank of England base rate make these products appealing for those looking to finance their property ventures effectively. This development is particularly relevant in a market where swift access to finance can be a decisive factor in securing property deals.
Frequently asked questions
What are the key benefits of TAB’s bridging loans?
TAB’s bridging loans offer competitive rates starting at 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 property financing needs.
How can brokers benefit from the TAB and TMA partnership?
Brokers can access a wider range of specialist property finance products through TAB, enhancing their ability to meet client needs and providing confidence in securing funding solutions regardless of market fluctuations.