English property finance and investment firm TAB has expanded into Scotland, where it is now operating bridging loan services.
A statement explained that it will focus on main towns and cities, catering to all commercial and residential properties.
Sales development director Jon Sturgess will spearhead the Scottish team to develop new and existing relationships, with Brodies acting as primary solicitor.
Sturgess 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.”
Alistair Ewing, managing director at the Lending Channel, said: “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.“
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%.
The platform was established in 2018 to cater to property projects that were not aligned with the criteria of traditional lenders. Since then it has written more than £450m in loans and is set to have a loan book of more than £700m in 2025.
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