TAB brings bridging product to Scottish market
TAB has extended its bridging product into Scotland for the first time, catering for both commercial and residential properties.
The real estate investment house has appointed Jon Sturgess as sales development director to spearhead the Scotland team and develop new relationships with borrowers.
Brodies LLP will act as the primary solicitor for the Scottish business.
Read more: TAB launches fractional ownership product
“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,” said Sturgess.
“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.”
Late last year, TAB secured a £300m private securitisation facility from NatWest and launched new commercial mortgage and fractional investment products. The company plans to expand further in 2024, with a series of new business development hires and increased coverage.
Read more: TAB launches £2.5m residential mortgage product
“I am delighted to welcome TAB’s short-term lending services to Scotland,” said Alistair Ewing, managing director at the Lending Channel – a Scotland-based broker which works with TAB.
“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.”
Read more: TAB secures £300m NatWest securitisation facility