The recent addition of TAB to the TMA Mortgage Club lending panel marks a significant expansion in 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, enhancing the support for landlords, property investors, and brokers navigating the current market.
TL;DR: TAB has joined the TMA Mortgage Club lending panel, providing access to a variety of bridging finance products; this change benefits brokers and property investors seeking flexible financing solutions.
What types of bridging finance does TAB offer?
TAB provides a comprehensive selection of bridging finance options, catering to various property needs. Their offerings include loans ranging from £100,000 to £5 million, available for residential, semi-commercial, and commercial properties. The lender’s bridging finance products feature terms of up to 24 months and competitive rates starting at 0.68% per month. This flexibility is vital for property investors who require quick access to funds for acquisitions or renovations.
How does this impact TMA Mortgage Club members?
With TAB’s inclusion in the TMA Mortgage Club, members now have greater access to specialist property finance products. This move broadens the financing options available, enabling brokers to better serve their clients with tailored solutions. The ability to offer bridging loans alongside traditional mortgage options allows brokers to address a wider range of client needs, particularly in a market where quick financing can be important.
What should property investors know about TAB’s offerings?
Property investors should take note of TAB’s competitive rates starting from 3.50% plus the Bank of England base rate for their mortgages. Loans can be secured on an interest-only basis with loan-to-value ratios of up to 75% for residential properties and 70% for commercial properties. This structure provides investors with the necessary use to expand their portfolios while managing cash flow effectively.
What this means for brokers and their clients
The addition of TAB to the TMA Mortgage Club lending panel is a significant development for brokers and their clients, particularly in the bridging finance sector. Brokers can now offer a wider range of financing options, which is essential for clients looking to capitalize on property opportunities quickly. This change enhances the overall confidence in the market, as TAB has demonstrated its capability by lending £759 million since its inception in 2018. The recent £500 million facility secured from CarVal further strengthens TAB’s position, ensuring that brokers have reliable support for their clients’ financing needs.
Frequently asked questions
What are the benefits of bridging finance?
Bridging finance offers quick access to funds, making it ideal for property investors needing to act swiftly on opportunities. It can be used for purchasing, refinancing, or renovating properties.
How can brokers access TAB’s products?
Brokers can access TAB’s range of products through the TMA Mortgage Club, which now includes TAB as part of its lending panel, allowing them to provide clients with tailored bridging finance solutions.