TAB extends bridging product to Scotland following expansion
TAB, the real estate finance and investment house has expanded its reach to Scotland, where it is now operating its bridging loan services to customers. TAB will focus on main towns and cities within Scotland catering to all commercial and residential properties.
Sales development director Jon Sturgess will spearhead the Scotland team to develop new and existing relationships, while Brodies LLP will act as the primary solicitor.
Jon , said: “2024 has already been an exciting year for TAB as we continue to extend our lending products across the whole of the UK, and there is no better time than now to launch our offering in Scotland.
“TAB Scotland is an opportunity for us to strengthen our ties and provide our expert lending services to our customers. We’ve already partnered with top brokers in the area, making TAB a go-to place for all lending needs.”
Managing director Alistair Ewing at the Lending Channel, said: “I am delighted to welcome TAB’s short-term lending services to Scotland. TAB’s leadership boasts extensive experience in bridging finance, and their addition to our lender panel demonstrates their dedication to supplying innovative financial solutions personalised to Scottish borrowers. I am confident that their presence will enhance our offerings and provide valuable opportunities for our clients. We look forward to a fruitful partnership ahead.”
Following TAB’s successful 2023, which included securing a £300m private securitisation facility from Natwest and launching new commercial mortgage and fractional investment products, the company is now expanding outside of its traditional focus on London and the South East. This move into Scotland comes as part of TAB’s broader expansion plan for 2024, coinciding with the appointment of new business development managers focused on the North, South, and Midlands regions of England and Wales.
TAB’s bridging product offers customer loans of up to £2.5m, with terms extending up to 24 months and a maximum loan-to-value ratio of 70%. TAB offers flexible and fast services catered to each loan requirement.
