In a significant move for the specialist property finance sector, TAB has joined the lending panel of TMA Mortgage Club. 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, enhancing the options available to brokers and their clients.
TL;DR: TAB’s inclusion in TMA Mortgage Club’s lending panel means members can now access a variety of specialist finance products, including bridging loans with rates starting at 0.68% per month; this expands financing options for brokers and property investors.
What Products Does TAB Offer in Bridging Finance?
TAB provides a comprehensive suite of property finance solutions tailored for investors. Their mortgage offerings include residential, semi-commercial, and commercial options, with interest rates beginning at 3.50% plus the Bank of England base rate. Investors can secure loans ranging from £100,000 to £5 million on an interest-only basis, with loan-to-value (LTV) ratios of up to 75% for residential properties and 70% for commercial assets.
In addition to traditional mortgages, TAB’s bridging finance products are particularly noteworthy. They offer bridging loans from £100,000 to £5 million, with terms extending up to 24 months and competitive rates starting at 0.68% per month. This flexibility can be important for property investors looking to seize opportunities quickly or manage cash flow effectively.
Why Is This Partnership Significant for Bridging Finance?
The collaboration between TAB and TMA Mortgage Club is poised to enhance the financing market for brokers and their clients. With TAB having lent £759 million since its inception in 2018, the lender has demonstrated a strong commitment to the property finance market. Their recent £500 million facility from CarVal further strengthens their funding capabilities, instilling greater confidence in their ability to deliver competitive products regardless of market fluctuations.
This partnership not only broadens the product range available to TMA members but also provides brokers with additional tools to meet the diverse needs of their clients. As the market evolves, having access to a wider array of financing options can be a decisive factor for property investors.
What This Means for Brokers and Property Investors
For brokers, the addition of TAB to the TMA Mortgage Club lending panel means enhanced access to specialist finance products that cater to a variety of client needs. This is particularly beneficial for those working with property investors who require tailored solutions for their financing challenges.
Property investors stand to gain significantly from this partnership as well. The availability of bridging loans with flexible terms and competitive rates can facilitate quicker transactions, allowing investors to capitalize on market opportunities without delay. This is especially relevant in a climate where speed and adaptability are key to successful property investment.
Frequently asked questions
What types of loans can I access through TAB?
Through TAB, you can access residential, semi-commercial, and commercial mortgages, as well as bridging loans, with amounts ranging from £100,000 to £5 million.
What are the benefits of bridging finance?
Bridging finance offers quick access to funds, allowing property investors to act fast on opportunities. TAB’s bridging loans come with terms of up to 24 months and rates starting at 0.68% per month, making them a flexible option for short-term financing needs.