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Refurbishment finance is a short term loan that is specifically designed to help fund renovation, remodelling, or restoration investment projects. This type of finance can be used to cover the cost of materials, labour, and other expenses associated with the refurbishment project. Refurbishment finance can be used for both residential and commercial properties and is often used to improve the energy efficiency, increase the property value or modernise the property.

In this interview, Danny Scoltock, TAB’s head of underwriting, answers questions about the underwriting process from start to finish and discusses the benefits and challenges of being an underwriter.

TAB University is back and today Katrina is joined by Mathura Paramjorthy, COO and general counsel of TAB and Georgina Eason, partner, licensed insolvency practitioner and qualified fixed charged receiver at MHA Macintyre Hudson.

This episode is on receivership, restructuring and insolvency within the lending industry. The top five questions we asked Georgina are:

1. What is a fixed charge receiver?
2. What is the role of a receiver in property finance?
3. What is the difference between insolvency and receivership?
4. What happens when a receiver is appointed over a property?
5. How did you get into becoming a receiver?

TAB completed a £5.9m first charge commercial loan secured against an old stately home. The client required the funds to complete the purchase. They will exit the loan through development finance. 

TAB completed a first charge commercial loan of £1,120,000 secured against a medical center in Leytonstone, East London. The property is comprised of a ground floor and mezzanine level commercial unit, with nearby retail shops such as Argos and Costa Coffee.

We invited Andrew Binstock, director and auctioneer at Auction House London, and Jordan Phillips, associate director at Auction House London to join Kartina Hindley and Sam Morris - lending associate at TAB 

They told us about the role of the auction house, how it works from both a buyer and vendor perspective as well as providing insight into what happens on auction day.

The top five questions asked on this week’s podcast are:

  1. What is an auction house?
  2. How can I buy a property at auction?
  3. How can I see my property through an auction?
  4. What are your roles within the auction house process?
  5. What happens on the day of the property auction?

TAB is joined by Daniel Fireman, a partner and real estate solicitor at Gunnercooke.

Daniel gave TAB an insight into why real estate finance solicitors are essential in the lending process and explained what he looks out for during cases and the documents he produces. 

TAB is pleased to confirm that we have completed a £5,520,000 first charge residential loan secured against a 53-storey residential block of flats located in Canary Wharf, London. The borrower needed funds to purchase 14 flats at 30% undervalued, due to the bulk nature of the deal. Five of the flats were financed by another short term lender and TAB financed the remaining nine flats.

A bridging loan is a short term loan that is used to ‘bridge the gap’ when a large payment needs to be made, but sourcing the funds or long term finance for the payment may take a while or become delayed.

A TAB bridging loan is a short-term loan that can help you make the purchase of an investment property before the planned funds of your own are available. Often, as the name suggests, it is used to bridge the gap when buying a new property before you have sold the old one. 

For example, purchasing the land for where you wish to build a new house whilst you are in the process of selling another property - a land bridge loan could be a good solution.

Season 2 is BACK!

In episode 1, TAB is joined by Adam Kirby from JPES Partners talking about a property tool Evaluate l Locate. Adam discusses with Sam Morris lending associate and Katrina Hindley, head of marketing from TAB how the tool can be useful for property investors, property developers and lenders. He also gives TAB examples of how the location of properties impacts value and tells us that the tool can analyse data to determine which areas of the UK have been most resilient after the pandemic. 

Question 1 - what is Evaluate l Locate?
Question 2 - what is locational analysis?
Question 3 - how does location affect property value?
Question 4 - what other factors can impact property value?
Question 5 - which parts of the country have been most resilient?

TAB is back with season 1, episode 9: Leisure and hospitality of the TAB University property, lending and investing podcast.

Find out more about what we do: https://tabhq.com/

We're joined by lawyer, property investor and entrepreneur, Ben Avigdori, who talks to Katrina and Kobi from TAB on this week's podcast on what is the leisure and hospitality industry, what is competitive socialising and why does the industry appeal to investors.

  1. What is the leisure and hospitality industry?
  2. How do pubs make money?
  3. What are the key things to consider when setting up and running a pub?
  4. How does the leisure and hospitality industry appeal to property investors?
  5. What had the biggest impact on the leisure and hospitality industry, Brexit or Covid?

TAB University Podcast l Property, Lending and Investing - Season 1, Episode 5: Demolition is available for streaming now. Katrina is joined by Eli Korman from TAB and special guest Will Sarhargian from First Demolition Services http://firstdemolition.co.uk/.

This week they're discussing the top five questions you've been asking about demolition. TAB U will cover in this week's podcast the following questions:

1 - what does demolition mean?
2 - what are the steps to demolishing a building?
3 - how long does a demolition take?
4 - what is strip out in construction?
5 - how does interior strip out work?

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