The TMA Mortgage Club has announced that TAB will join its lending panel, providing members with access to a diverse range of specialist property finance products. This partnership is significant as it enhances the options available for brokers and their clients, particularly in the bridging finance sector.
TL;DR: TMA Mortgage Club members can now access TAB’s bridging finance products, with loans ranging from £100,000 to £5 million; this expansion offers brokers and investors more choices in property finance.
What bridging finance options does TAB offer?
TAB provides a variety of bridging finance solutions, catering to both residential and commercial property needs. Their bridging loans are available from £100,000 up to £5 million, with terms extending to 24 months. Rates start at an attractive 0.68% per month, making it a competitive option for those needing quick access to funds.
How does this impact TMA Mortgage Club members?
The inclusion of TAB in the TMA Mortgage Club’s lending panel significantly broadens the financing options available to its members. Brokers can now offer their clients access to TAB’s specialist property finance products, which include residential, semi-commercial, and commercial mortgages, alongside bridging loans. This development is particularly beneficial for property investors looking for flexible financing solutions.
Why is this partnership important for the property finance market?
This partnership is a notable development in the property finance market, as it reflects a growing trend towards providing tailored financial solutions for diverse property needs. TAB’s ability to offer loans with a loan-to-value ratio of up to 75% on residential assets and 70% on commercial properties enhances the confidence of brokers and their clients in securing necessary funding, regardless of market conditions. Since its inception in 2018, TAB has lent £759 million, demonstrating its robust position in the market.
What this means for property investors and brokers
For property investors, this expanded access to bridging finance options means greater flexibility and potentially quicker turnaround times for funding projects. Brokers can use this new offering to better serve their clients, particularly those needing immediate financing solutions. With TAB’s £500 million facility from CarVal, the lender has further strengthened its funding capabilities, ensuring that brokers and clients can rely on them for timely financial support.
Frequently asked questions
What types of properties can TAB’s bridging finance cover?
TAB’s bridging finance is available for residential, semi-commercial, and commercial properties, making it a versatile option for various investment needs.
What are the eligibility criteria for TAB’s bridging loans?
Eligibility for TAB’s bridging loans generally includes a property valuation and an assessment of the borrower’s financial situation. Loans range from £100,000 to £5 million, with specific terms and rates based on the property type and borrower profile.