TMA Mortgage Club has added specialist property finance provider TAB to its panel, giving its members access to the lender’s full range of mortgage products.
TAB’s mortgage range includes private, semi-commercial and commercial real estate investors. Loans from £100,000 to £5 million are available on an interest-only basis, with a loan-to-value ratio of up to 75% on residential properties and up to 70% on commercial properties.
TAB also offers bridging loans from £100,000 to £5 million, with terms up to 24 months and rates from 0.68 per cent per month.
Comment on the addition to the panel TMA senior product and business manager Robert McCoy said: “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 bridge financing, supported by rapid decision-making and streamlined underwriting, will give our members more options for real estate investors with complex or time-sensitive financing needs.”