In a significant development for the 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 specialist property finance products, including residential, semi-commercial, and commercial mortgages, as well as bridging loans.
TL;DR: TAB’s inclusion in TMA Mortgage Club enables members to access specialist property finance products; this is particularly beneficial for brokers and their clients seeking tailored financing solutions.
What Products Does TAB Offer in Bridging Finance?
TAB provides a variety of financing options for property investors, with mortgage rates beginning at 3.50% plus the Bank of England base rate. Their offerings include loans ranging from £100,000 to £5 million on an interest-only basis. Loan-to-value (LTV) ratios can reach up to 75% for residential properties and 70% for commercial assets. Additionally, TAB’s bridging finance options start from £100,000 and go up to £5 million, with terms available for up to 24 months and rates starting at 0.68% per month.
Why Is This Partnership Important for Bridging Finance?
The addition of TAB to TMA Mortgage Club’s lending panel enhances the choices available to brokers and their clients in the specialist property finance market. TMA Mortgage Club has stated that this partnership broadens the options for its members, allowing them to provide more diverse financing solutions to meet the unique needs of their clients. With TAB having lent £759 million since its inception in 2018, this collaboration is expected to instill greater confidence among brokers and their clients regarding the lender’s ability to deliver effective financing solutions, regardless of market conditions.
What This Means for Brokers and Investors in Bridging Finance
Brokers will benefit from the expanded product range offered by TAB, enabling them to cater to a wider array of client needs. For property investors, the availability of competitive rates and flexible terms could facilitate property acquisitions and investments that were previously challenging to finance. This is particularly relevant as access to tailored financing options is important for success. Investors should keep an eye on how TAB’s offerings evolve and how they can use these products to enhance their portfolios. For more information on rates, check out our bridging loan rates.
Frequently Asked Questions
What types of loans can I access through TAB?
Through TAB, you can access a variety of loans including residential, semi-commercial, and commercial mortgages, as well as bridging loans, with amounts ranging from £100,000 to £5 million.
How does TAB’s bridging finance work?
TAB’s bridging finance offers loans from £100,000 to £5 million, with terms of up to 24 months and rates starting at 0.68% per month, providing quick access to funds for property transactions.