Glossary

Anti-money laundering (AML) refers to the laws, regulations and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income.

A bridging loan is a short-term loan where borrowers need to bridge the gap between the gap in finances until long term financial solutions can be found.

A broker/intermediary is someone who acts as a middleman and arranges transactions between borrowers and TAB. A broker often receives a fee from the introduction of the two parties. 

A borrower is defined as someone who is looking to, or who has borrowed money from TAB in the form of a bridging loan or development finance. 

A 3 year estimation that is calculated by taking an average of property price projections for the region across property experts Savills, Knight Frank, JLL and CBRE.

How the borrower intends to repay the loan.

The total interest rate charged to the borrower for taking out the loan.

An investor is defined as anyone who commits capital to a TAB investment or is intending to with the expectation of a financial return.

Intermediary/broker is someone who acts as a middleman and arranges transactions between borrowers and TAB. An intermediary often receives a fee from the introduction of the two parties. 

The amount of interest earned on an investment, net of any fees.

The estimated income and overall return on investment. Investor return for TAB Property is the fixed income added to the estimated capital growth.

TAB Lending details is a specific loan investment details page. Investors can access the investment details page once logged in. Full details of the investment are provided, including financials, term sheets and valuation reports. 

TAB Property details is a specific property investment details page. Investors can access the investment details page once logged in. Full details of the investment are provided, including financials, term sheets and valuation reports.

A portion of the money that is held back for the upkeep and maintenance of the property. The kitty covers initial expenses and not for income payments.

Know Your Customer (KYC) is the mandatory process of identifying and verifying the identity of the client when opening an account and periodically over time.

The cost of legal support that is associated with the purchase of a property.

Investors can view a breakdown of financial information for each investment under the financials section of the investment details page.

A lender is used to describe the company that lends money. In this example, TAB is considered a lender. 

The act of giving money to someone in the form of a loan and is paid back, usually with interest, after a period of time. 

Where the asset is located. For TAB Lending there may be more than one property that is used as security, all locations for each asset will be listed. 

Loan to value (LTV) is the ratio of debt to assets value, expressed as a percentage.

The fee TAB charge for the management of the loan or property.

The size of the loan the borrower has requested and promises to repay, as outlined in the loan terms.

How many months of gross rate of interest that has been deducted from the loan amount at the beginning of the loan.

The platform is the terminology used when you log into the TAB website. This is where you can update your profile, view your dashboard, transact, and invest in products.

Details of an investor’s portfolio of TAB products for a particular account.

The value of the TAB Property asset. This has been valued by a third party valuer. This is the cost of the property before any fees or additional costs have been added.

The percentage amount of interest or income an investors particular account has earned on their investments since opening their account.

The cost of Stamp Duty Land Tax (SDLT) that you are required to pay if you purchase a property or land over a certain price in England.

A PDF download of an investor’s particular account monthly statements.

The order of priority a lender has for repayment of their loan if the borrower defaults.

When a lender deducts interest at the beginning of the loan term.

Special Purpose Vehicle….

TAB Lending is is a loan investment product offered on the TAB Market.

Where investors can view investment opportunities for both TAB Lending and TAB Property.

TAB Property is a fractional property investment product offered on the TAB Market.

The conditions under which land or property is held or occupied. Typically it can be freehold, leasehold, or leasehold with a share of the freehold.

The amount of time the borrower has requested to take out the loan.

The monetary amount of live investments an investor’s particular account has invested in.

The monetary amount of interest or income an investors particular account has earned on their investments since opening their account.

The total cost required to purchase the TAB Property. This included legal fees, valuation fees, Stamp Duty, the kitty cost and any other costs associated with the property purchase.

Underwriting is the due diligence process undertaken by TAB to determine the risk profile of borrowers and intermediaries.

What the loan will be used for.

The value of the asset that is being used as security.

The cost of a third party surveyor valuing the property.

The rate of monthly income payments, net of any fees, that is passed onto the investor from the rent received from TAB Property. This figure is revised annu

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