Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Strategy. Read the original article for full details.
TAB Joins TMA Mortgage Club Lender Panel
TMA Mortgage Club has added specialist property finance lender TAB to its lender panel. This move gives TMA members access to TAB’s full range of mortgage products.
TAB’s offering includes mortgages for residential, semi-commercial, and commercial property investors. Loans are available from £100,000 to £5 million on an interest-only basis. The maximum loan-to-value (LTV) is up to 75% for residential assets and up to 70% for commercial property.
In addition to standard mortgages, TAB provides bridging loans ranging from £100,000 to £5 million. These bridging loans are available with terms of up to 24 months and rates starting from 0.68% per month.
TMA’s senior product and business manager, Robert McCoy, described TAB’s property finance range as a strong addition to the panel. He noted that TAB’s focus on commercial mortgages and bridging finance, along with swift decision-making and streamlined underwriting, will offer more options for property investor clients with complex or time-sensitive funding needs.
This development may be of interest to UK letting agents and inventory clerks working with property investors seeking flexible finance solutions for residential and commercial properties.
Source: Mortgage Strategy