Al Haq Mortgage & Protection Network (TRM) has today signed specialist mortgage lender TAB to join its panel of lenders.
TRM said this would increase the range of financing solutions available to its member companies.
From today, TRM advisers will now have access to TAB mortgage loans and bridging finance, with mortgage rates starting at 3.5% per annum and the Bank of England base rate.
Rates for TAB’s bridging finance products start from 0.68% per month, with loans available between £100,000 and £5 million. The LTV percentage is available at rates exceeding 70% for residential and up to 70% for commercial.
Acceptable borrowers include individuals, limited companies and LLCs, which own properties in England, Wales and mainland Scotland.
TAB has extensive UK coverage through its team of Business Development Managers.
The bank was founded in 2018 and has lent more than £800 million to date. It is backed by CarVal and a network of over 500 active investors.
Victoria Clarke, Head of Lending at TRM, said: “We are very pleased to welcome TAB as our newest specialist lender to our team.
“In today’s market, speed, certainty and direct access to decision makers are increasingly important to advisors and their clients, and more of our AR firms need flexible real estate solutions for both mortgage and bridge finance borrowers.”
TAB CEO Duncan Krieger said: “We are excited to launch into the right mortgage network and offer a clearer and faster approach to specialist finance.
“At TAB, we stand for relationships, reliability and lightning-fast mortgages, giving brokers the confidence to move quickly and deliver for their clients.”
Earlier this month TRM Signed Gatehouse Bank To her painting.
