TMA Mortgage Club has added specialist property finance lender TAB to its panel, giving members access to its mortgage and bridging finance products.
The appointment means TMA Mortgage Club members can now access TAB’s range of specialist property finance products, including residential, semi-commercial and commercial mortgages, as well as bridging loans.
TAB offers mortgages for property investors with rates starting from 3.50% plus the Bank of England base rate. Loans are available from £100,000 to £5 million on an interest-only basis, with loan-to-value ratios of up to 75% on residential assets and up to 70% on commercial properties.
The lender’s bridging finance range provides loans from £100,000 to £5 million, with terms of up to 24 months and rates from 0.68% per month.
TMA Mortgage Club said the addition broadens the options available to its broker members across the specialist property finance market.
Karen Rodrigues (pictured), sales director at TAB, says: “For brokers with clients in need of fast, flexible funding, TAB will represent a significant addition to the TMA panel.
“TMA members will now have access to our products, including our commercial mortgages, all of which have been built around brokers. Our proposition is designed for professional property investors who need pace without compromise – mortgage terms delivered with a bridging mindset.
“Our bridging product works for clients acquiring, refinancing or racing to complete a time-sensitive transaction.
“Whichever product they are using, TMA members will get direct access to key contacts, dedicated business development managers and a single platform where sales, underwriting and collections all work from the same information in real time.
“And the underwriter the broker meets at the start of a deal will be the same one who sees it through to completion: no handovers, no having to repeat the story, no late surprises. That’s what sets TAB apart – how we work with intermediaries.”
Robert McCoy, senior product and business manager at TMA, adds: “TAB’s specialist property finance range is a strong addition to the TMA panel, and broadens the extensive choice already available to our members.
“TAB’s focus on commercial mortgages and bridging finance, supported by swift decision-making and streamlined underwriting, will give our members more options for property investor clients with complex or time-sensitive funding needs.
“We pride ourselves on the depth, breadth and flexibility of the lending support we can provide through the club and this just strengthens that further.”
Rodrigues adds: “TAB has lent £759 million since we launched in 2018.
“Since we secured a £500 million facility from CarVal, we have widened our funding options even further, giving brokers and their clients additional confidence in our ability to deliver, whatever the market conditions.
“We’re proud to be able to bring this to one of the largest mortgage distributors in the country.”
