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Category: Bridging

  • TAB Advocates for Planning Reform and Bridging Finance Support

    TAB Advocates for Planning Reform and Bridging Finance Support

    The commercial mortgage and bridging lender TAB has called for significant reforms in planning and support for landlords from the next Prime Minister. This comes as the specialist finance sector seeks to enhance its role in funding regeneration projects and increasing housing supply, while also addressing the challenges posed by planning delays and tax policies that hinder investment.

    TL;DR: TAB urges the next Prime Minister to implement planning reforms and support landlords; these changes are essential for revitalising housing supply and economic growth.

    What Planning Reforms Does TAB Propose?

    Karen Rodrigues, sales director at TAB, emphasised the need for a refreshed planning system. She advocates for the introduction of statutory deadlines and increased resources for local authorities. A critical aspect of this reform is the presumption in favour of converting redundant commercial spaces, which would streamline the approval process for change-of-use applications. This would facilitate the transformation of vacant retail and office units into mixed-use developments, enabling quicker responses to market demands.

    How Do Planning Delays Affect Investors and Landlords?

    Rodrigues pointed out that while TAB is capable of delivering commercial mortgages rapidly, the planning system is currently sluggish, impacting businesses and investors. The delays in planning approvals can stall projects that are vital for community regeneration and economic growth. By reforming the planning process, the government could unlock numerous projects and support a more dynamic property market.

    What Should the Next Government Do for Landlords?

    According to TAB, reforming the private rented sector is paramount. Landlords are still important in addressing housing demand, especially in the face of insufficient social housing. Rodrigues argues that the government has historically viewed private landlords primarily as a tax revenue source, which has led to detrimental policies. She advocates for reinstating mortgage interest tax relief for individual landlords, abolishing the stamp duty surcharge, and reintroducing the Wear and Tear Allowance. These measures would alleviate financial pressures on landlords and encourage investment in rental properties.

    How Does Bridging Finance Fit Into This Picture?

    Bridging finance plays a vital role in enabling quick access to capital for property investors and landlords, especially in a market affected by planning delays. With the proposed reforms, bridging finance could become an essential tool for investors looking to seize opportunities in the evolving property market. By providing fast funding solutions, bridging finance can help facilitate the conversion of properties and support the growth of the private rented sector.

    What This Means for Property Investors and Landlords

    The proposed reforms could significantly impact property investors and landlords by creating a more conducive environment for investment. By addressing planning delays and revising tax policies, the government could stimulate activity in the property market. Investors would benefit from a more straightforward process for acquiring and converting properties, while landlords would find relief from burdensome tax obligations. This shift could lead to an increase in housing supply, benefiting tenants and the wider economy.

    Frequently asked questions

    What are the main challenges facing landlords in the UK?

    Landlords in the UK face challenges such as high taxation, regulatory burdens, and planning delays that hinder their ability to invest and manage properties effectively.

    How can planning reforms benefit the housing market?

    Planning reforms can streamline the approval process for new developments and conversions, leading to increased housing supply and more efficient use of existing spaces.

  • Planning Reform and Landlord Support: Bridging Finance Impact

    Planning Reform and Landlord Support: Bridging Finance Impact

    The commercial mortgage and bridging finance sector is urging the next Prime Minister to implement significant planning reforms and provide support for landlords. This call comes as the industry faces challenges related to planning delays and tax policies that hinder investment in commercial and mixed-use properties, impacting housing supply and regeneration efforts.

    TL;DR: The specialist finance sector is pressing for planning reforms and landlord support; these changes could enhance housing supply and ease investment restrictions.

    What Planning Reforms Are Needed?

    According to industry experts, the next government should prioritise a comprehensive overhaul of the planning system. This includes introducing statutory deadlines for planning applications, enhancing local authority resources, and establishing a presumption in favour of converting vacant commercial spaces into residential units. Such measures would expedite the approval process for change-of-use applications, facilitating quicker transformations of unused retail and office spaces into mixed-use developments.

    How Will This Affect Landlords?

    The private rented sector (PRS) plays a vital role in addressing housing demand, particularly as the country grapples with a shortage of social housing. Industry leaders argue that the government must support landlords, who have often been viewed primarily as a source of tax revenue. Calls for reinstating mortgage interest tax relief for individual landlords, eliminating the stamp duty surcharge, and reintroducing the Wear and Tear Allowance have been made to alleviate the financial burden on landlords.

    What Changes Are Suggested for Business Rates?

    Reforming business rates is another area of focus. Lowering costs for independent retailers and hospitality businesses could significantly benefit high streets and those occupying semi-commercial properties. The current business rates system is seen as a deterrent to investment in mixed-use developments, and reforming it could stimulate local economies and support the rejuvenation of high streets.

    What This Means for Bridging Finance

    Bridging finance could see increased demand as planning reforms create opportunities for faster project approvals. With the current planning system moving slowly, bridging lenders are positioned to provide quick funding solutions for developers looking to take advantage of new opportunities. If the proposed reforms are enacted, the bridging finance sector may experience heightened activity as investors seek to capitalise on the improved conditions for development.

    Frequently asked questions

    What is bridging finance?

    Bridging finance is a short-term loan designed to bridge the gap between the purchase of a new property and the sale of an existing one. It is often used in property transactions to secure funding quickly.

    How can landlords benefit from proposed reforms?

    Proposed reforms could ease financial pressures on landlords by reinstating tax reliefs and reducing regulatory burdens, allowing them to invest more in their properties and meet housing demand effectively.

  • Planning Reform and Support for Bridging Finance

    Planning Reform and Support for Bridging Finance

    The call for planning reform and enhanced support for landlords has intensified as the UK prepares for a new Prime Minister. TAB, a prominent commercial mortgage and bridging lender, has emphasised the need for practical changes that could significantly impact the property market, particularly in the realms of regeneration projects and housing supply.

    TL;DR: TAB urges the next Prime Minister to implement planning reforms to expedite development; this could unlock funding opportunities for bridging finance and enhance housing supply.

    Why is Planning Reform Urgent?

    According to Karen Rodrigues, sales director at TAB, the current planning system is hampering timely development. She advocates for a refreshed planning framework that includes statutory deadlines and increased local authority resources. Such changes would facilitate quicker approvals for change-of-use applications, particularly for converting vacant retail and office spaces into mixed-use developments. This is critical as the commercial mortgage sector, including bridging finance, is ready to support these initiatives, but is held back by sluggish planning processes.

    How Will Landlord Support Impact the Property Market?

    Rodrigues argues that the private rented sector (PRS) plays a vital role in addressing housing demand, especially as social housing supply struggles to keep pace. She calls for the next government to support landlords more effectively, suggesting that past policies have treated them primarily as revenue sources rather than partners in housing solutions. Key proposals include reinstating mortgage interest tax relief for individual landlords, eliminating the stamp duty surcharge, and reviving the Wear and Tear Allowance. These measures could incentivise investment in the PRS, which is essential for meeting the housing needs of the population.

    What Changes Are Needed for Mixed-Use Developments?

    Business rates reform is also on TAB’s agenda, with Rodrigues highlighting that high business rates are a significant burden on high streets and mixed-use properties. Lowering costs for independent retailers and hospitality businesses could rejuvenate local economies and support tenants in semi-commercial properties. This reform would create a more conducive environment for property investors and landlords, enabling them to thrive and contribute to community regeneration.

    What This Means for Bridging Finance and Investors

    For investors and borrowers in the bridging finance sector, these proposed changes could lead to a more dynamic property market. By addressing planning delays and offering support to landlords, the government could unlock numerous development opportunities. This would not only facilitate quicker project approvals but also enhance the viability of investments in mixed-use properties. As the market evolves, stakeholders should monitor government responses to these calls for reform, as they could significantly influence market conditions and investment strategies. For more information on bridging finance options, visit our bridging finance guide.

    Frequently Asked Questions

    What are the proposed reforms for landlords?

    The proposed reforms include reinstating mortgage interest tax relief, scrapping the stamp duty surcharge, and bringing back the Wear and Tear Allowance to support landlords in the private rented sector.

    How might planning reform affect bridging finance?

    Planning reform could expedite project approvals, allowing bridging finance to be utilized more effectively in regeneration projects and mixed-use developments, ultimately boosting housing supply.

  • Planning Reforms and Landlord Support for Bridging Finance

    Planning Reforms and Landlord Support for Bridging Finance

    The commercial mortgage and bridging finance sector is urging the next Prime Minister to implement significant planning reforms and provide support for landlords. With planning delays and restrictive tax policies currently hindering investment in commercial and mixed-use properties, industry leaders believe that practical changes are necessary to boost housing supply and regeneration projects.

    TL;DR: The specialist finance sector demands urgent planning reforms to expedite housing supply and support landlords; current policies are seen as barriers to investment.

    What Planning Reforms Are Being Proposed?

    Industry experts are advocating for a comprehensive overhaul of the planning system. Key recommendations include establishing statutory deadlines for planning applications, enhancing local authority resources, and creating a presumption in favour of converting unused commercial spaces into residential units. These changes aim to streamline the approval process for change-of-use applications, thereby facilitating quicker transformations of vacant retail and office spaces into mixed-use developments.

    How Do Current Policies Affect Landlords?

    Landlords have been under increasing pressure due to a series of tax policies perceived as punitive. The call for reform includes reinstating mortgage interest tax relief for individual landlords, abolishing the stamp duty surcharge, and reintroducing the Wear and Tear Allowance. Advocates argue that these measures are essential for landlords to continue meeting housing demand, especially in the absence of sufficient social housing.

    What This Means for Bridging Finance and Property Investors

    For property investors, the proposed reforms could lead to a more dynamic and responsive market. By addressing planning delays and reducing tax burdens, investors may find it easier to engage in projects that contribute to local economies and housing supply. The emphasis on rejuvenating high streets through lower business rates for independent retailers and hospitality businesses is also seen as a way to support tenants in semi-commercial properties, ultimately benefiting the broader property market. Investors looking for opportunities in bridging finance should stay alert to these developments.

    What Should Landlords and Investors Watch Next?

    As the political market evolves, stakeholders in the property market should closely monitor the commitments made by candidates vying for the Prime Minister’s office. The next government’s approach to planning reform and landlord support will be important in shaping the future of the UK property market. Investors should prepare for potential changes in tax policy and planning regulations that could impact their investment strategies and returns. For more insights on navigating these changes, consider reviewing our bridging finance guide.

    Frequently asked questions

    What are the main challenges facing landlords today?

    Landlords are currently facing challenges from restrictive tax policies and planning delays that hinder their ability to meet housing demand effectively.

    How could planning reforms benefit the housing market?

    Planning reforms could expedite the approval process for new developments, increase housing supply, and support economic growth by facilitating the conversion of unused commercial properties.

  • TAB Advocates for Planning Reform in Bridging Finance Sector

    TAB Advocates for Planning Reform in Bridging Finance Sector

    The commercial mortgage and bridging finance sector is urging the next Prime Minister to implement significant planning reforms and provide support for landlords. TAB, a prominent commercial mortgage and bridging lender, emphasizes that the current planning delays and tax policies are hindering investment opportunities, particularly in commercial and mixed-use property markets.

    TL;DR: TAB calls for a refreshed planning system and landlord support; these changes could unlock investment in regeneration projects and boost housing supply.

    What Planning Reforms are Needed for Bridging Finance?

    Karen Rodrigues, sales director at TAB, highlights that the next government must prioritise planning reform to facilitate faster development approvals. She advocates for a planning system with statutory deadlines, increased resources for local authorities, and a presumption in favour of converting redundant commercial spaces. This approach aims to expedite change-of-use applications, allowing for the transformation of vacant retail and office units into mixed-use developments.

    Rodrigues states, “While we are delivering commercial mortgages at bridging speed, the planning system is moving at a snail’s pace.” The proposed reforms aim to unlock projects, regenerate communities, and ultimately support economic growth.

    Why is Landlord Support Important for Bridging Finance?

    According to TAB, the private rented sector (PRS) plays a vital role in addressing housing demand. With social housing delivery lagging, the PRS is essential for meeting current needs. Rodrigues argues that successive governments have treated landlords primarily as a source of tax revenue, which has created barriers to investment.

    She calls for the reinstatement of mortgage interest tax relief for individual landlords, the elimination of the stamp duty surcharge, and the reintroduction of the Wear and Tear Allowance. These measures are seen as important steps to support landlords and encourage further investment in the housing market.

    How Would Business Rate Changes Impact Bridging Finance Investors?

    Rodrigues also emphasizes the need for reforming business rates, which she believes are a significant burden on high streets and mixed-use investments. She suggests that lowering costs for independent retailers and hospitality businesses could bolster high street vitality and support tenants in semi-commercial properties.

    By creating a more conducive environment for local businesses, the government can help rejuvenate high streets and stimulate economic activity. Rodrigues insists that the next Prime Minister must create conditions that allow local businesses to thrive, which would, in turn, benefit property investors and landlords.

    What This Means for Landlords and Investors in Bridging Finance

    The proposed changes are particularly relevant for landlords and property investors who have faced increasing challenges due to restrictive policies. If implemented, these reforms could lead to a more dynamic property market, encouraging investment in both residential and commercial sectors.

    The focus on planning reform and landlord support could alleviate some of the financial pressures currently faced by landlords, enabling them to invest in property improvements and expansion. Furthermore, easing business rates could enhance the attractiveness of mixed-use developments, providing additional opportunities for investors.

    Frequently Asked Questions

    What specific reforms are being proposed for the planning system?

    The proposed reforms include introducing statutory deadlines for planning applications, increasing local authority resources, and facilitating the conversion of redundant commercial spaces into mixed-use developments.

    How would these changes benefit landlords?

    By reinstating tax reliefs and reducing burdens like the stamp duty surcharge, landlords could see improved financial conditions, enabling them to invest more in their properties and contribute to addressing housing demand.

  • TAB Calls for Planning Reform to Enhance Bridging Finance

    TAB Calls for Planning Reform to Enhance Bridging Finance

    The commercial mortgage and bridging lender TAB is urging the next Prime Minister to implement planning reforms and support for landlords in a bid to stimulate housing supply and regeneration projects. With the current planning system seen as a barrier to investment in commercial and mixed-use properties, TAB’s sales director, Karen Rodrigues, highlights the urgent need for practical changes that can facilitate development.

    TL;DR: TAB advocates for planning reforms and landlord support to enhance bridging finance and housing supply; these changes could unlock significant investment in the property market.

    What Planning Reforms Are Needed?

    According to Rodrigues, a refreshed planning system is essential for expediting development. She calls for the introduction of statutory deadlines for planning applications, increased resources for local authorities, and a presumption in favour of converting redundant commercial spaces. This would streamline the approval process for change-of-use applications, allowing vacant retail and office units to be transformed into mixed-use schemes more efficiently.

    How Do Planning Delays Affect Investors?

    The current slow pace of the planning system is a significant hurdle for businesses and investors. While TAB is capable of delivering commercial mortgages at a rapid pace, the lengthy planning process hampers potential projects. Rodrigues argues that reforming the planning system would not only unlock stalled projects but also contribute to community regeneration and economic growth, making it a pressing issue for property investors.

    What Support Should Landlords Expect?

    Landlords play a pivotal role in addressing housing demand, and TAB believes that the next government should prioritise support for the private rented sector (PRS). Rodrigues criticises past administrations for treating landlords primarily as a source of tax revenue rather than as essential contributors to the housing market. She calls for the reinstatement of mortgage interest tax relief for individual landlords, the removal of the stamp duty surcharge, and the reintroduction of the Wear and Tear Allowance.

    What This Means for Bridging Finance and Investors

    For property investors and landlords, these proposed reforms could significantly alter the market of the UK property market. By reducing the financial burdens associated with taxation and streamlining the planning process, the government could encourage more investment in the PRS and commercial sectors. This support is critical, especially as the demand for housing continues to rise. Investors should keep an eye on the developments in government policy as the next Prime Minister takes office, as these changes could present new opportunities for growth and investment in bridging finance.

    Frequently asked questions

    What are the main concerns regarding the current planning system?

    The current planning system is seen as slow and inefficient, causing delays that hinder investment in commercial and mixed-use properties. TAB advocates for reforms to expedite the process.

    How could reforms benefit landlords in the UK?

    Reforms could reinstate tax reliefs and reduce financial burdens, making it easier for landlords to operate and invest in the private rented sector, thus addressing housing demand more effectively.

  • Bridging Finance: Calls for Planning Reform and Landlord Support

    Bridging Finance: Calls for Planning Reform and Landlord Support

    The commercial mortgage and bridging finance sector is urging the next Prime Minister to prioritise planning reform and support for landlords. With the current system hindering regeneration projects and housing supply, stakeholders believe that practical changes are vital for economic growth and community revitalisation.

    TL;DR: The specialist finance sector is advocating for urgent planning reforms to speed up property development; landlords need government support to meet housing demand effectively.

    What Planning Reforms Are Needed?

    Industry leaders are calling for a refreshed planning system that includes statutory deadlines for approvals, increased resources for local authorities, and a presumption in favour of converting redundant commercial spaces. Karen Rodrigues, sales director at TAB, emphasises that the current planning processes are excessively slow, causing delays that hinder investment and project initiation. By streamlining the approval process for change-of-use applications, particularly for vacant retail and office units, the government could facilitate quicker transitions to mixed-use developments.

    How Do Planning Delays Affect Bridging Finance?

    Bridging finance is designed to provide quick funding solutions for property investors and developers. However, when planning delays occur, these financial products can become less effective. Investors often face increased holding costs and missed opportunities due to slow approvals. The call for planning reform highlights the need for a more responsive system that allows bridging finance to fulfil its potential in supporting rapid development and regeneration.

    What Should Landlords Expect from Future Policies?

    Landlords are being urged to advocate for a supportive environment that acknowledges their role in addressing housing shortages. Rodrigues argues that the next government must reverse punitive tax policies that have burdened private landlords. Proposed reforms include reinstating mortgage interest tax relief, eliminating the stamp duty surcharge, and reintroducing the Wear and Tear Allowance. These changes aim to relieve financial pressures on landlords, enabling them to contribute more effectively to the housing market.

    What This Means for Property Investors

    For property investors, the proposed changes could significantly alter the investment market. A reformed planning process would not only expedite project approvals but also enhance the attractiveness of mixed-use developments. Additionally, if tax reliefs are reinstated, investors may find it easier to manage costs and improve profitability. The emphasis on supporting independent retailers and hospitality businesses through business rate reforms could further revitalise high streets, creating more opportunities for investment in semi-commercial properties.

    Frequently asked questions

    What are the key benefits of bridging finance?

    Bridging finance offers quick access to funds, making it ideal for property investors needing to complete transactions swiftly. It can be used for various purposes, including purchasing properties, refurbishing, or covering cash flow gaps.

    How can I keep up with changes in property regulations?

    Staying informed about property regulations involves regularly checking government announcements, industry publications, and resources like the bridging finance guide. Engaging with professional networks can also provide valuable insights into upcoming changes.

  • Calls for Planning Reform to Boost Bridging Finance

    Calls for Planning Reform to Boost Bridging Finance

    The commercial mortgage and bridging finance sector is urging the next Prime Minister to implement significant planning reforms and support for landlords. This comes amid concerns that current planning delays and tax policies are hindering investment in commercial and mixed-use properties, which are vital for addressing the UK’s housing supply crisis.

    TL;DR: The next PM is urged to reform planning and support landlords to enhance housing supply; current policies are seen as barriers to investment.

    What Planning Reforms Are Being Proposed?

    Karen Rodrigues, sales director at TAB, has highlighted the pressing need for a revamped planning system. She advocates for statutory deadlines and increased resources for local authorities. A key proposal is to allow for the easier conversion of redundant commercial spaces into mixed-use developments, which could expedite the approval process for change-of-use applications. This change is important as it would help alleviate the slow pace of the current planning system, which Rodrigues describes as a significant obstacle for businesses and investors.

    How Will This Impact Landlords and Investors?

    Landlords are facing increasing challenges due to policies that treat them primarily as tax revenue sources. Rodrigues argues that the next government should prioritize support for the private rented sector (PRS), which is essential for meeting housing demand, especially as social housing supply remains inadequate. Proposed reforms include reinstating mortgage interest tax relief for individual landlords, scrapping the stamp duty surcharge, and bringing back the Wear and Tear Allowance. These measures aim to reduce financial burdens on landlords, enabling them to invest more in their properties and the communities they serve.

    What Changes Are Needed for Business Rates?

    Another area of concern is the business rates system, which Rodrigues claims is detrimental to high streets and mixed-use investments. She suggests that lowering costs for independent retailers and hospitality businesses would support the tenants of semi-commercial properties. By reforming business rates, the government could help rejuvenate local economies and encourage investment in high street properties, which have suffered in recent years.

    What This Means for Bridging Finance

    For those involved in bridging finance, the proposed reforms could lead to a more dynamic property market. By reducing transactional friction, such as high stamp duty rates, the government could encourage more property transactions and investments. This would not only benefit property investors and landlords but also stimulate economic growth through increased activity in the commercial and mixed-use property sectors. As bridging finance becomes a more critical tool for funding regeneration projects, these reforms could unlock new opportunities for investors and borrowers alike.

    Frequently asked questions

    What is bridging finance?

    Bridging finance is a short-term loan used to bridge the gap between the purchase of a new property and the sale of an existing one. It is often used in situations where quick access to funds is required.

    How can planning reforms affect property investments?

    Planning reforms can streamline the approval process for property developments, making it easier for investors to convert and develop properties. This can lead to increased investment opportunities and a more vibrant property market.

  • Planning Reform and Landlord Support Needed for Bridging Finance

    Planning Reform and Landlord Support Needed for Bridging Finance

    The call for planning reform and enhanced support for landlords has intensified as the UK prepares for a new Prime Minister. TAB, a commercial mortgage and bridging lender, argues that the specialist finance sector could significantly contribute to housing supply and regeneration projects, yet is hindered by current planning delays and tax policies.

    TL;DR: TAB urges the next Prime Minister to implement planning reforms and support for landlords; these changes could unlock investment in commercial and mixed-use properties, addressing housing demand.

    What Planning Reforms Are Being Suggested?

    Karen Rodrigues, sales director at TAB, emphasises the need for a refreshed planning system that includes statutory deadlines and better resourcing for local authorities. She advocates for a presumption in favour of converting redundant commercial spaces, which would expedite change-of-use applications. This reform is essential as the current planning system is perceived to be moving too slowly, hampering the potential for businesses and investors to thrive.

    How Will This Impact Landlords and Property Investors?

    According to TAB, the private rented sector (PRS) is important for meeting housing demand, especially in light of insufficient social housing. Rodrigues argues that landlords should not be viewed merely as a tax revenue source but as vital contributors to the housing market. She calls for the reinstatement of mortgage interest tax relief for individual landlords, the removal of the stamp duty surcharge, and the reintroduction of the Wear and Tear Allowance. These changes could alleviate financial pressures on landlords, encouraging them to invest in and maintain rental properties.

    What Changes Are Needed for Business Rates?

    Rodrigues also highlights the need for reform in business rates, which she describes as a significant burden on high streets and mixed-use investments. Lowering rates for independent retailers and hospitality businesses could help rejuvenate local economies and support tenants in semi-commercial properties. The call for reform aims to create a more conducive environment for local businesses, which is essential for the vitality of high streets.

    What This Means for Bridging Finance

    Bridging finance plays a critical role in facilitating quick funding for property transactions, particularly in the context of regeneration projects. However, the current tax market and planning delays create friction in the property market, making transactions less appealing. TAB suggests that reforms, such as lowering stamp duty rates on commercial and mixed-use acquisitions, could stimulate activity in the property sector. By addressing these issues, the next Prime Minister could support a more dynamic market for bridging finance, ultimately benefiting landlords, borrowers, and investors alike.

    Frequently asked questions

    What is bridging finance?

    Bridging finance is a short-term loan used to bridge the gap between the purchase of a new property and the sale of an existing one. It is often used in property transactions where quick access to funds is needed.

    How can planning reforms benefit property investors?

    Planning reforms can streamline the approval process for property developments, making it easier for investors to convert commercial spaces into residential or mixed-use properties, thereby increasing supply and potential returns.

  • TAB Expands Bridging Finance Options via TMA Mortgage Club

    TAB Expands Bridging Finance Options via TMA Mortgage Club

    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 Mortgage Club members to access TAB’s diverse range of specialist property finance products, catering to various borrowing needs, including residential, semi-commercial, and commercial mortgages.

    TL;DR: TAB joins TMA Mortgage Club, providing members access to specialist property finance products, including bridging loans; this broadens options for brokers and their clients.

    What types of products does TAB offer?

    TAB provides a comprehensive suite of property finance solutions. Their offerings include residential, semi-commercial, and commercial mortgages, as well as bridging loans. For property investors, TAB’s mortgage rates start at 3.50% plus the Bank of England base rate, with loans ranging from £100,000 to £5 million available on an interest-only basis. The loan-to-value (LTV) ratios stand at up to 75% for residential assets and up to 70% for commercial properties.

    How does TAB’s bridging finance work?

    In addition to traditional mortgages, TAB’s bridging finance options provide flexibility for those needing quick access to funds. Loans are available from £100,000 to £5 million, with terms extending up to 24 months. The starting rate for these bridging loans is as low as 0.68% per month, making them an attractive option for investors looking to seize opportunities in the property market.

    What this means for brokers and clients

    This partnership significantly enhances the options available to brokers and their clients in the specialist property finance market. With TAB’s established track record of lending £759 million since its inception in 2018, and the recent £500 million facility secured from CarVal, brokers can feel more confident in TAB’s ability to deliver funding solutions under varying market conditions. This added assurance is important for clients seeking reliable financing options.

    What should investors watch next?

    Investors and brokers should keep an eye on how this partnership evolves and the impact it has on the bridging finance market. With TAB’s expanded funding options, there may be increased competition and potentially more favourable terms for borrowers. As the market continues to adapt, monitoring changes in rates, terms, and product offerings will be essential for making informed decisions.

    Frequently asked questions

    What is bridging finance?

    Bridging finance is a short-term loan designed to bridge the gap between the purchase of a new property and the sale of an existing one. It is often used to secure quick funding for property transactions.

    How can I access TAB’s products?

    Brokers who are members of the TMA Mortgage Club can access TAB’s range of products, including mortgages and bridging finance, providing clients with tailored financing solutions.