Real estate finance and investment business TAB has launched a long-term lending service extending to all stages of a property’s life cycle
TAB Series is designed for borrowers who require funding throughout the entire lifecycle of a property, not just at mortgage/purchase stage.
The comprehensive lending package offers customers an initial bridging loan for asset purchase, a refurbishment loan if required, and later, a long-term commercial mortgage.
TAB, which recently completed a private securitisation facility with NatWest and Atalaya Capital Management for £300m, is also transitioning to Open Market Value for residential bridging loans for up to £2.5m.
It previously used 180 day valuations, and the change will increase TAB’s ability to serve the market. This will be coupled with reduced rates across its residential bridging finance product range, which it claims will provide more value and savings for brokers and their clients.
TAB Series offers loans of up to £7.5m providing borrowers with the opportunity to work with a single lender and benefit from savings of 2.75% on fees, and reduced costs on legal expenses and valuations.
TAB chief executive and founder Duncan Kreeger says: “I am happy to introduce TAB Series to the market, our latest innovation designed to meet the needs of borrowers grappling with a changing interest rate environment.
“… This tailored solution addresses a significant gap in the market, promising seamless support for borrowers at every stage of their property journey.
“Prioritising their needs from acquisition to management to disposal coupled with the other changes we have announced today, empowers borrowers to capitalise on opportunities that may not have otherwise been affordable.”
Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions.
If any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals, then the post may be deleted and the individual immediately banned from posting in future.
Please help us by reporting comments you consider to be unduly offensive so we can review and take action if necessary. Thank you.
Increasingly property investors are turning to short-term finance to bridge a...
Mortgage lenders have launched a £5m media campaign to publicise the...
A range of mortgage brokers are reporting an increase in enquiries...
All buy-to-let loans above £500,000 are now offered by The Mortgage...
The new lender April Mortgages - which already offers a range...
A new Renters' Rights Bill is to be introduced into Parliament,...
A council is next week considering a move which is seen...
Landlords, if you haven't heard of it until now, it's time...
As a seasoned landlord, you've likely witnessed the UK property market's...
Managing rental properties, whether you have a few or a dozen,...
Congratulations on taking the leap into becoming a landlord! Property investing...
Twenty twenty-four is a pivotal year for landlords in the Private...
There wasn’t much by way of good news in the Spring...
National Landlord Investment Show has announced that the former Leader of...
We are thrilled to report that the first National Landlord Investment...
Landlords play a crucial role in providing safe and comfortable housing...
.jpg)
Calling all landlords, Investors and property professionals: National Landlord Investment Show...
In the buy to let market, success goes beyond the transaction...
Mohammed Sharaz, a landlord from Bradford, recently seized an opportunity to...
We believe a well-functioning housing system is one that meets everyone’s...
If you are a landlord looking for the silver lining in...
This year is set to bring sweeping rental reforms that will...
Landlords are exiting the market in droves. According to an accountancy firm...
%20(002).png)
Newable Finance, the finance brokerage & advisory arm of Newable, launches...
Homes in the rental sector are more likely to have old...
The new lender April Mortgages - which already offers a range...
A new Renters' Rights Bill is to be introduced into Parliament,...
.jpg)
A council is next week considering a move which is seen...
.jpg)
An activist group supporting renters is calling for the final two...
The government has been warned by a charity not to weaken...
Labour has made a solid start with regard to the lettings...
Who are you and what does it say on...
Who are you and what does it say on...
Who are you, and what does it say on...
Join the conversation
Jump to latest comment and add your reply
Thats going to be very useful when the youll own nothing brigade really go to work
Once your property portfolio is worth about as much as a loaf of bread , they will take everything off you and you will be grateful too
Epc is just the start ….
A very dangerous time to be taking on massive loans. The future is too uncertain.
Probably more creative solutions are needed, or there will be a lot more property staying empty when in the past someone would have bought, renovated and rented it out. They say they don't want empty properties but there is little incentive now, unless you buy for cash and flip I guess, not sure there is a lot of profit in that any more?
Agree partially with your comment about buy with cash & flip, but with the current uncertainty and a housing market that has slowed down, I'd be checking if I could invest my money elsewhere in a far more liquid asset, for a likely better return and not nearly as much hassle.
Please login to comment