TAB launches bridging offering in Scotland

TAB has extended its bridging product to customers in Scotland. 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.

After 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. The 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 loans up to £2.5m, with terms extending up to 24 months and a maximum LTV ratio of 70%.

Jon 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.”