TAB has joined the TMA Mortgage Club’s lending panel, enhancing the options available for brokers and their clients in the specialist property finance sector. This partnership allows TMA members to access TAB’s diverse range of property finance products, including residential, semi-commercial, and commercial mortgages, as well as bridging loans, which are important for investors and borrowers seeking flexible funding solutions.
TL;DR: TAB now offers TMA Mortgage Club members access to bridging loans and various property finance products; this expansion provides brokers and clients with more financing options in the current market.
What New Products Are Available in Bridging Finance?
With TAB’s inclusion in the TMA Mortgage Club, brokers can now offer clients a wider array of financing solutions. TAB provides specialist property finance products, including:
- Residential mortgages with rates starting from 3.50% plus the Bank of England base rate.
- Semi-commercial and commercial mortgages with loan-to-value ratios of up to 75% for residential assets and 70% for commercial properties.
- Bridging loans ranging from £100,000 to £5 million, with terms of up to 24 months and rates starting at 0.68% per month.
This range of products is particularly beneficial for property investors looking for tailored financing options that can adapt to their specific needs.
Why Does This Matter for Brokers in Bridging Finance?
The addition of TAB to the TMA Mortgage Club’s lending panel significantly broadens the financing market for brokers. With TAB having lent £759 million since its inception in 2018, the lender demonstrates a strong track record, which can instill confidence in brokers and their clients. The recent £500 million facility secured from CarVal further enhances TAB’s funding capabilities, allowing for greater flexibility and reliability in lending, regardless of market conditions.
What This Means for Property Investors Seeking Bridging Finance
For property investors, the expanded access to TAB’s products through the TMA Mortgage Club means more opportunities to secure funding for various projects. Whether seeking a residential mortgage or a bridging loan, investors can now benefit from competitive rates and flexible terms. The ability to access loans on an interest-only basis from £100,000 to £5 million allows for strategic financial planning, especially in a fluctuating 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 with competitive rates and flexible terms.
How does this partnership benefit TMA Mortgage Club members?
The partnership allows TMA Mortgage Club members to access a broader range of financing options, enhancing their ability to meet client needs in the specialist property finance market.