In a significant development for the property finance sector, TAB has joined the lending panel of TMA Mortgage Club, enhancing access to its specialist property finance products. This partnership allows TMA members to offer a broader range of mortgage solutions, including residential, semi-commercial, and commercial mortgages, as well as bridging loans.
TL;DR: TMA Mortgage Club members can now access TAB’s specialist property finance products; this includes bridging loans with rates starting at 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 options tailored for property investors. Loans are available from £100,000 up to £5 million, with terms extending up to 24 months. The competitive rates start from 0.68% per month, making it an attractive option for those needing quick access to funds for property purchases or renovations.
How Does This Affect TMA Mortgage Club Members?
The inclusion of TAB in TMA’s lending panel significantly broadens the financial products available to brokers. With TAB’s offering, members can now present clients with more diverse financing solutions, particularly in the specialist property finance market. This move is expected to enhance brokers’ ability to meet the varied needs of their clients, especially in a dynamic property market.
What This Means for Property Investors
For property investors, the expanded access to TAB’s products means greater flexibility and choice when seeking financing options. With loan-to-value ratios of up to 75% on residential properties and up to 70% on commercial assets, investors can use their existing equity more effectively. Additionally, TAB’s track record of lending £759 million since its inception in 2018, bolstered by a £500 million facility from CarVal, instills confidence in their ability to deliver financing solutions even in fluctuating market conditions.
Frequently Asked Questions
What are the benefits of TAB’s bridging finance?
TAB’s bridging finance offers competitive rates starting from 0.68% per month, with loans from £100,000 to £5 million, making it a viable option for quick funding needs.
How can brokers benefit from TMA’s new partnership with TAB?
Brokers can now provide clients with a wider range of specialist property finance products, enhancing their ability to cater to diverse client needs in the property market.