In a significant development for the specialist property finance sector, TAB has joined the TMA Mortgage Club lending panel. This partnership allows TMA Mortgage Club members to access TAB’s diverse range of property finance products, including residential, semi-commercial, and commercial mortgages, as well as bridging loans. The addition of TAB enhances the options available to brokers, enabling them to better serve their clients in a competitive market.
TL;DR: TMA Mortgage Club members can now access TAB’s property finance products, including bridging loans starting from 0.68% per month; this broadens options for brokers and their clients.
What Types of Bridging Finance Does TAB Offer?
TAB provides a comprehensive selection of bridging finance solutions, catering to a variety of property investment needs. Loans range from £100,000 to £5 million, with terms lasting up to 24 months. Rates for bridging finance begin at just 0.68% per month, making it an attractive option for investors looking for quick access to capital. This flexibility is particularly beneficial for landlords and property developers seeking to seize opportunities in a dynamic market.
How Does This Impact Brokers and Their Clients?
The inclusion of TAB in the TMA Mortgage Club lending panel significantly enhances the resources available to brokers. With TAB having lent £759 million since its inception in 2018, brokers can feel more confident in their ability to secure funding for their clients. The availability of loans with up to 75% loan-to-value (LTV) on residential properties and 70% on commercial assets provides brokers with more options to tailor solutions to their clients’ needs.
What This Means for Property Investors
For property investors, the expanded access to TAB’s products means greater flexibility and choice in financing options. With competitive rates starting from 3.50% plus the Bank of England base rate for mortgages, investors can explore various financing strategies to enhance their property portfolios. The ability to obtain loans on an interest-only basis further allows investors to manage their cash flow effectively while pursuing growth opportunities.
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 swiftly on opportunities. It can also facilitate property purchases before selling existing assets.
How can brokers use TAB’s new offerings?
Brokers can use TAB’s offerings by providing clients with a wider range of financing options, enhancing their ability to meet diverse client needs in the property market.