TAB U - TAB news

TAB has announced the launch of its new mortgage product where borrowers can earn discounts of up to half the exit fee by meeting ESG (Environmental, Social, Governance) criteria

Short-term lender TAB has made its first specialist HR appointment, recruiting Lianne Mason as its inaugural people manager.

TAB, the real estate finance and investment house set to have a £500m loan book in 2024, has made three appointments to its senior management team, Rikesh Saujani, Jon Sturgess and Matthew Hayes. The appointments position the company for future products and investment opportunities which are set to be launched later this year.

Specialist debt advisory Arc & Co has arranged a £16m first charge six-month bridging loan with lender TAB on behalf of a private client.

Lender TAB is reintroducing fixed rates for first charge residential bridging loans.

Residential bridging loans up to £750,000 and with an LTV of up to 70 per cent, including the cost of borrowing, are eligible for the new fixed rate. For loans up to 60 per cent LTV, the rate starts at 0.90 per cent per month. For loans up to 65 per cent LTV, the rate is from 0.95 per cent per month and for loans up to 70 per cent LTV has a rate from 1.00 per cent per month.

Terms range from one to 24 months and there are no exit fees. While the focus of the reworked range is residential properties, TAB says it will consider loans secured against commercial properties.

TAB has been included in the ranks of 101 commercial companies in London, and we’re incredibly proud.

Mortgage lender TAB is launching an open banking interface. Open banking is a secure way for consumers to share their personal details and information with financial providers — as long as they give their permission — for services such as investing and lending, in a bid to help consumers get better deals and encourage competition between lenders.

Knowledge Bank has announced that TAB is the latest lender to join its criteria sourcing system.

The addition of TAB will allow Knowledge Bank users to source the lender’s criteria to check client suitability when trying to place cases.

Hertfordshire-based bridging lender TAB has made a key addition to its senior team.

Jason Shead, former head of credit risk at West One Loans — a company founded by Duncan Kreeger, now the chief executive of TAB — joins TAB as chief risk officer.

New BDM says he joined TAB because of its commitment to sustainability finance — and its key values of trust and transparency.

Norton Broker Services has added TAB to its panel of lenders. The agreement means that brokers using Norton Broker Services now have access to a range of first and second charge residential and commercial bridging loans, development and refurbishment finance products from TAB.

TAB has announced that its loan book has grown to £115m. The Hertfordshire-based bridging lender says a £5.1m 48-hour deal, against an £8.5m purchase of a central London property, and a loan of almost £13m, nudged it over the threshold.

Almost three-quarters of brokers operating in the specialist lending space think the “race for space” is not over, according to a poll undertaken by TAB.

The short-term property finance lender polled the views of brokers in the industry at an event to mark the opening of their new HQ in Hertfordshire.

Almost half of brokers operating in the specialist lending space think development finance is now hotter than the bridging loan market, according to a poll undertaken by TAB.

Lender TAB has secured a new funding line from investment firm, Atalaya Capital Management (‘’Atalaya’’).

Bridging lender TAB is to invite brokers to use its new office at The Grain Yard, in Borehamwood, as a hot desk base. TAB is offering brokers a private room to work with access to all the lender’s amenities including the breakout space and unlimited tea and coffee. The hot desks facility has been set up for brokers who are currently working from home or are near London.

Bridging lender TAB, in conjunction with broker the Real Estate Finance Consultancy (“REFC”), has completed five bridging loans totalling £11.4m on the same day.

TAB is hiring two new members of staff.  Harry Dugg joins as a business development manager while Samuel Morris has been appointed as a lending associate.  The new appointments double TAB’s sales team

TAB has secured a funding line with a top global private equity firm and lending platform that funds residential and mixed use bridging loans and development finance. The news follows shortly after TAB wrote their largest ever loan, a £9.25m bridging loan on a hotel development in Poole, bringing the total loans completed since inception to almost £100m.

TAB held its first post pandemic in person event as a thank you to our brokers and partners who have supported the business. We had the pleasure to host a dinner and drinks on the roof terrace of Harvey Nichols. It was great to see some old faces as well as some newer faces after such a long time away.

TAB launches refurbishment loans to meet market demand! TAB is delighted to announce the launch of its TAB Refurbishment loan. TAB Refurbishment is an advanced bridging finance solution that allows borrowers to access the capital they need for their refurbishment projects quickly and without the cost of a full development loan. TAB understands the importance of providing the best service possible to clients and as such we are always looking to enhance our offering and develop solutions. This short term finance loan has been curated as a result of listening and responding to the market demand and it has been designed with the client in mind.

TAB has extended their first charge residential bridging loans reduced rates. These loans are secured against UK property. TAB’s experience means they can be flexible with their valuations and consider projects that may not suit traditional lenders.