The recent addition of TAB to the TMA Mortgage Club lending panel marks a significant development in the bridging finance sector. This partnership allows TMA members to access a broader range of specialist property finance products, including residential, semi-commercial, and commercial mortgages, as well as bridging loans, thereby enhancing opportunities for brokers and their clients.
TL;DR: TMA Mortgage Club members can now access TAB’s specialist property finance products; this includes bridging loans starting from 0.68% per month, benefiting brokers and property investors.
What Products Does TAB Offer?
TAB provides a diverse range of property finance solutions tailored for property investors. Their offerings include residential and commercial mortgages, with rates beginning at 3.50% above the Bank of England base rate. Loans are available on an interest-only basis, ranging from £100,000 to £5 million, with loan-to-value ratios of up to 75% for residential properties and 70% for commercial assets. Additionally, TAB’s bridging finance options start at £100,000 and extend up to £5 million, with terms available for up to 24 months and competitive rates starting from 0.68% per month.
Why Is This Important for Brokers?
The inclusion of TAB in the TMA Mortgage Club lending panel significantly broadens the options available to brokers. This expansion allows brokers to better serve their clients by providing access to a wider array of finance products. With TAB having lent £759 million since its inception in 2018, the lender’s established track record and recent £500 million funding facility from CarVal enhance brokers’ confidence in TAB’s ability to deliver effective solutions, regardless of market conditions.
What This Means for Property Investors
For property investors, the partnership between TAB and TMA Mortgage Club translates into more accessible and flexible financing options. Investors seeking bridging finance can benefit from TAB’s competitive rates and diverse loan offerings, making it easier to secure funding for property acquisitions or developments. With the ability to access loans up to £5 million, investors can pursue larger projects with confidence, knowing they have reliable financing options at their disposal.
How Does This Impact the Bridging Finance Market?
The addition of TAB to the TMA Mortgage Club lending panel is a notable shift in the bridging finance market. It enhances competition and provides brokers and clients with more choices, which is essential in a dynamic property market. As more lenders like TAB enter the scene with attractive rates and terms, it could lead to improved conditions for borrowers, making bridging finance a more appealing option for those looking to invest in property.
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 starting from £100,000.
What are the starting rates for TAB’s bridging finance?
TAB’s bridging finance starts at competitive rates of 0.68% per month, with loan amounts available from £100,000 to £5 million.