TAB: products, terms and eligibility

TAB is a UK provider of bridging loans. It gives its founding year as 2018.

TAB says it was founded in early 2018 by CEO and founder Duncan Kreeger. TAB is a trading name of several companies registered at 101 New Cavendish Street, London, including TAB London Limited (company number 11225821). TAB London Limited is registered with the FCA for anti-money laundering supervision only; TAB says its lending is unregulated. It also runs an investor platform that funds its loans, which is not covered here.

Everything on this page comes from what TAB publishes itself. We show the date we last checked it, and we do not rate or rank lenders.

TAB publishes 2 products for UK businesses. The table above gives the amounts and terms as it states them.

• TAB Bridge: Interest-only repayments; first charge only (second charge considered per criteria page); max LTV 75% residential and 70% commercial.

TAB Bridge

First charge bridging loans on residential and commercial property in England, Wales and mainland Scotland, published at £100,000 to £5,000,000 for up to 24 months, with maximum LTV of 75% residential and 70% commercial. Interest is either paid monthly (serviced) or retained and rolled up into the loan. The loan is secured on real estate by solicitors TAB instructs, and personal and sometimes corporate guarantees are required for corporate borrowers.

TAB Mortgage (commercial mortgages)

TAB lists commercial mortgages alongside bridging. The pages read give no product limits.

TAB says its finance is used for:

• Auction purchases
• Chain breaks
• Refurbishment and redevelopment
• Developer exit
• Commercial portfolio expansion
• Cash injection against property

Sectors and business types it says it funds:

• Property investors and developers
• Individuals, limited companies and LLPs

What it says it does not fund:

• Properties outside England, Wales and mainland Scotland

TAB publishes these criteria. Meeting them does not mean an application will be accepted: every lender makes its own decision.

• Individuals, limited companies and LLPs (UK tax registered).
• Property in England, Wales and mainland Scotland (England, Wales and mainland/non-rural Scotland on the product summary).
• No mortgage arrears in the last 12 months.
• Maximum one CCJ under £750 in the last 24 months.
• No IVA, bankruptcy or CVA in the last three years.
• Property types listed include residential investment, HMOs, multi-unit freehold blocks, holiday lets, warehouses, industrial units, retail, hospitality and student accommodation.

TAB describes its process like this:

1. Borrowers or brokers contact TAB’s sales team.
2. TAB carries out due diligence, with the borrower’s solicitor verifying identity.
3. TAB checks the purpose of funds and the repayment route.
4. An independent valuation sets the LTV in the term sheet.
5. Security is taken over the property.

Every application is subject to status and the lender’s own criteria at the time.

A bridging loan is short-term borrowing secured on property, used to bridge a gap until a sale or longer-term finance completes. Interest is often rolled up or retained and repaid with the loan at the end, so the plan for repaying it, known as the exit, matters as much as the property.

Lenders lend up to a share of the property’s value and will want to see that exit. Bridging costs more than long-term borrowing, so it is worth understanding how lenders differ before you compare offers.

Points TAB publishes that are worth knowing:

• Loans are unregulated and TAB is not authorised by the FCA.
• Property used as security is at risk of repossession if payments are missed.
• Product summary says first charge only, while the criteria section says second charge considered.
• Also operates an investor marketplace, which is not recorded here.

Security and guarantees

TAB takes security over real estate for each loan, with details in the term sheet. Personal and sometimes corporate guarantees are required for corporate borrowers. TAB’s FAQ explains first and second charge loans; the product page says first charge only. Some loans may be extended once, by up to 12 months, if TAB approves.

TAB’s site states: “TAB loans are unregulated. Any property used as security is at risk of repossession if you do not keep up with your payments. TAB is not authorised by the Financial Conduct Authority.”

Protections differ by borrower type and loan size. Most lending to limited companies is not regulated consumer credit, so read the agreement and ask the lender what applies to you.

Other providers of bridging loans with profiles here include TFG Capital, Westwood Capital Finance and Assetz Capital. Each profile uses that lender’s own published terms.

The full list, grouped by product type, is in our directory of UK business lenders.

Capzy is a credit broker, not a lender, and gets paid by the lender. One application lets your business compare options across lenders, so you can weigh this kind of facility against the alternatives. You can check your funding options with a soft search that does not affect your credit score. A full application to a lender may involve a hard search, and any offer is subject to status and lender criteria.