In a significant development for the property finance sector, TAB has been added to 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. This move is expected to enhance options for brokers and their clients, particularly in the area of bridging finance.
TL;DR: TMA Mortgage Club members can now access TAB’s specialist property finance products, including bridging loans starting from 0.68% per month; this broadens choices for brokers and investors alike.
What Products Does TAB Offer?
TAB provides a variety of property finance solutions tailored for property investors. Their offerings include:
- Residential mortgages with rates starting at 3.50% plus the Bank of England base rate.
- Semi-commercial and commercial mortgages, with loan amounts ranging from £100,000 to £5 million.
- Bridging finance options, featuring loans from £100,000 to £5 million, available for terms of up to 24 months and rates beginning at 0.68% per month.
These products are designed to cater to a wide range of investment needs, making TAB a versatile option for brokers and their clients.
How Does This Impact Brokers and Their Clients?
The inclusion of TAB in the TMA Mortgage Club lending panel is particularly beneficial for brokers. It expands their toolkit, allowing them to offer more competitive and varied financing options to clients. With TAB’s bridging finance solutions, brokers can assist clients in securing quick funding for property purchases or renovations, which is essential in a fast-paced market.
Furthermore, TAB’s recent achievement of lending £759 million since its inception in 2018, alongside a £500 million facility from CarVal, underscores its robust financial backing. This enhances brokers’ confidence in TAB’s ability to deliver reliable financing solutions, regardless of market conditions.
What This Means for Property Investors
For property investors, the addition of TAB’s products through TMA Mortgage Club means greater access to flexible financing options. Investors can benefit from TAB’s competitive rates and terms, particularly in the bridging finance sector. With loans available on an interest-only basis and high loan-to-value ratios—up to 75% for residential assets and 70% for commercial properties—investors have more opportunities to use their investments effectively.
As the property market continues to evolve, having access to a wider range of financing options will be important for investors looking to capitalize on emerging opportunities.
Bridging Finance: Frequently Asked Questions
What types of properties can I finance with TAB?
TAB offers financing for residential, semi-commercial, and commercial properties, along with bridging loans for various investment needs.
What are the typical terms for TAB’s bridging finance?
TAB provides bridging loans ranging from £100,000 to £5 million, with terms of up to 24 months and rates starting at 0.68% per month. For more details, check our bridging finance guide.