In a significant move for the property finance sector, TAB has joined the lending panel of TMA Mortgage Club, enabling its members to access a wider range of specialist property finance products. This partnership is particularly important for brokers and their clients, as it enhances the options available for residential, semi-commercial, and commercial mortgages, along with bridging loans.
TL;DR: TAB’s inclusion in TMA Mortgage Club allows members to access specialist property finance products, including bridging loans with rates starting from 0.68% per month; this enhances financial choices for brokers and investors alike.
What are TAB’s Bridging Finance Offerings?
TAB provides a robust selection of bridging finance solutions for property investors. Loans range from £100,000 to £5 million, with terms extending up to 24 months. Interest rates for these loans start at 0.68% per month, making them an attractive option for those needing quick access to funds. This flexibility is particularly beneficial in a fast-paced property market.
How Does This Affect TMA Mortgage Club Members?
The addition of TAB to TMA’s lending panel broadens the array of financing options available to brokers. Members can now offer clients access to TAB’s competitive rates and diverse product range, which includes residential mortgages starting at 3.50% plus the Bank of England base rate. This is important for brokers looking to cater to a variety of client needs, from individual property investors to larger commercial undertakings.
What This Means for Property Investors
For property investors, the enhanced access to TAB’s products means more opportunities for financing their projects. With loan-to-value ratios of up to 75% on residential properties and 70% on commercial assets, investors can use their existing capital more effectively. This is particularly relevant for those looking to expand their portfolios or undertake new developments, as the ability to secure funding quickly can be a game changer in competitive markets.
What Should Brokers Watch Next?
Brokers should keep an eye on how TAB’s funding options evolve, especially following their recent £500 million facility from CarVal, which could further enhance their lending capabilities. As TAB has already lent £759 million since its inception in 2018, the ongoing support and expansion of their product offerings are likely to provide brokers with valuable tools to meet client demands in an ever-changing market.
Frequently asked questions
What types of loans does TAB offer?
TAB offers a variety of loans, including residential, semi-commercial, and commercial mortgages, as well as bridging loans. Their bridging finance options range from £100,000 to £5 million.
What are the interest rates for TAB’s bridging loans?
Interest rates for TAB’s bridging loans start at 0.68% per month, making them a competitive choice for property investors needing quick access to funds.