The recent addition of TAB to the TMA Mortgage Club lending panel significantly enhances the range of bridging finance options available to brokers and their clients. This collaboration allows TMA Mortgage Club members to access TAB’s diverse portfolio of specialist property finance products, which includes residential, semi-commercial, and commercial mortgages, as well as bridging loans. This move is particularly relevant for property investors seeking flexible financing solutions.
TL;DR: TAB has joined TMA Mortgage Club, enabling access to a wider range of bridging finance options; brokers can now offer clients loans from £100,000 to £5 million with competitive rates.
What types of bridging finance does TAB offer?
TAB provides a comprehensive range of bridging finance products tailored for various property types. Loans start at £100,000 and can go up to £5 million, making them suitable for both small-scale investors and larger property developers. The bridging finance options come with terms of up to 24 months and interest rates beginning at 0.68% per month. This flexibility can be important for investors needing quick access to funds for property acquisitions or renovations.
How does this impact TMA Mortgage Club members?
The inclusion of TAB in the TMA Mortgage Club lending panel broadens the financing options available to brokers. Members can now offer their clients access to TAB’s competitive mortgage rates, which start at 3.50% plus the Bank of England base rate for property investors. With loan-to-value ratios of up to 75% on residential properties and 70% on commercial assets, brokers can better meet the diverse needs of their clients in the property market.
What does this mean for property investors?
For property investors, the partnership between TAB and TMA Mortgage Club represents an opportunity to secure funding more efficiently. With TAB’s track record of lending £759 million since its inception in 2018 and the recent £500 million funding facility from CarVal, investors can have increased confidence in their financing options. This is particularly important in a fluctuating market, where access to reliable funding can make or break a property deal.
Frequently asked questions
What are the benefits of using bridging finance?
Bridging finance offers quick access to funds, which is essential for property investors looking to secure deals swiftly. It can be used for various purposes, including purchasing properties at auction, refinancing existing loans, or funding renovations.
How can brokers benefit from the new lending panel?
Brokers can enhance their service offerings by providing clients with a wider range of financing options. Access to TAB’s specialist products allows brokers to cater to diverse client needs, potentially increasing their business opportunities and client satisfaction.