TMA Mortgage Club has added the specialist property finance lender, TAB, to its lender panel.
TAB’s mortgage range covers residential, semi-commercial and commercial property investors, with rates from 3.5% plus the Bank of England’s base rate.
Loans are available from £100,000 to £5m on an interest-only basis, with LTV ratios of up to 75% and 70% on commercial property.
TAB also offers bridging loans from £100,000 to £5m, with terms up to 24 months and rates starting from 0.68% per month.
TMA, which launched in 2018, has lent £759m and offers support to brokers via its technology and lender relationships across the residential and buy-to-let (BTL) markets.
Sales director at TAB, Karen Rodrigues, stated: "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."
Senior product and business manager at TMA, Robert McCoy, added: "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."
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