TAB Talk - July 2024
TAB Talk - July 2024 Newsletter
This month's schedule has been packed with events and broker visits across the country. We’ve hosted legendary footballer and TAB investor, Roberto Carlos, been on a Welsh road trip, attended the Financial Reporter Mortgage RoadShow, presented at the Specialist Lending WebShow and enjoyed some team bonding at the TAB golf social in celebration of The Open.
It's been a pleasure meeting many of you in person at these events and we greatly value the conversations we've had and the feedback you've shared. Your input is essential for us to provide the products and services you need. Your feedback on product structuring helps us refine and improve our offerings, more on this below.?
We can also report on some impressive figures. Since Samuel Leach stepped into the role of head of investor relations in May, our investors have funded over ￡11m in TAB Lending investments. This has propelled our loan book to more than ￡230m. Not only that, we've reached a significant milestone: we've now lent over ￡500m since inception! These numbers not only demonstrate the trust our borrowers and investors place in us but also, I believe, solidify TAB's position as an established lender in the market.
This month's TAB Talk also features special guest Anthony Curtis from The Finance Company. As a mortgage expert, Anthony offers valuable insights into the potential impacts of the new Labour government on the property market and wider economic landscape.
We have plenty more to share with you. Read on to discover how we're evolving to meet your needs and what's on the horizon for TAB.
TAB’s travels
We kicked off summer with a successful exhibition at the NACFB Commercial Finance Expo back in June. Following this, Sophie Meller and Aron Schechter represented TAB at the Financial Reporter - Specialist Lending Roadshow in Chingford. Sophie led a roundtable discussion on lifecycle lending to 25 brokers, while Aron gained a deeper understanding of brokers' specialities, product needs and industry trends. Additionally, I had the opportunity to host the Specialist Mortgage WebShow. A monthly online event offering CPD into various areas of specialist lending.?
These events provided valuable market insights and a platform to showcase TAB's products and open new avenues for growth. If you were unable to attend, we will happily repeat the presentation or arrange a meeting with the team and me.
TAB surpasses ￡500m in lending and achieves record loan book size
TAB has reached a significant milestone, having completed over ￡515m in loans since our inception in 2018. Our loan book is now made up of a record high of 140 active loans. In the past two and a half years alone we've lent ￡385m, offering our customers a comprehensive range of financing options including bridging, refurbishment and commercial mortgages.?
We've achieved our goal of reaching ￡500m of lending while improving our risk profile and cost of funding. This growth has been supported by our ￡300m private securitisation facility with NatWest and Atalaya.?
As we celebrate this milestone, we remain committed to providing financial solutions and exceptional service. You can read the full press release here.?
TAB’s products: Bringing the heat this summer!?
We value feedback and turn it into action. Based on the insights gathered from our recent roadshows, meetings, and events, I am delighted to announce significant improvements to our product suite.?
Here’s what we’ve changed:?
We pride ourselves on delivering tailored solutions and this dedication to meeting your needs led us to introduce TAB Mortgage. Now these changes are designed to serve you and address evolving market demands.?
Talk to the team today to learn more!?
Talk to the team
Stephen Wasserman as COO
领英推荐
As part of our consolidation period, we are not only redefining our products but also strengthening our leadership team. As such, I'm pleased to welcome Stephen Wasserman to TAB as our Chief Operating Officer (COO).
Stephen and I go back to the founding of our previous business. After parting ways, I was inspired to apply the lending principles we'd learned together to create something new. TAB embodies this vision, combining lending with robust technology and a skilled team.
Stephen's appointment as COO brings a wealth of experience and fresh perspectives to lending operations. His extensive background in sales, underwriting and collections will be invaluable as we continue to innovate and grow. He has been contributing as a director since October 2022, offering valuable input. Now I look forward to having Stephen back on the team full-time and am confident that his insights will drive TAB forward.
Our investor network is thriving
Since May, our investors have committed over ￡11m in debt investments, earning an average interest rate of 10.30% pa. This works out to over ￡1.03m in annual interest, with loan terms ranging from 6 to 24 months. These figures reflect the growing confidence in TAB's recent investment offerings.
Illustrating this trust, Roberto Carlos, recently visited our office to record a testimonial about his experience with TAB. We're excited to share this interview with you soon, as it provides a firsthand account of the benefits of investing with TAB.
If you like the idea of earning 10.30% pa and are interested in exploring debt investment, or interested in owning your own property, TAB Property: Travelodge, Chigwell has fractions available for purchase on the TAB Market.?
Get in touch with Samuel Leach, head of investor relations, who would be delighted to discuss our available investments.
As with any investment, your capital is at risk and interest and income payments are not guaranteed, to read the risks of investing please see here.?
Guest feature: Opinions from the market?
This month, we have a feature from Anthony Curtis , a mortgage expert at The Finance Company. Anthony shares his opinion on the recent change to a Labour government in the UK and its potential implications for the property and finance sectors.
“It's on every headline and we are now under a Labour government in the UK. The economic outlook includes increased public spending on infrastructure, green initiatives and social welfare, alongside progressive taxation and stricter regulation.?
This could stimulate economic growth but also introduce higher taxes, particularly on wealth and property. The property industry might face challenges from increased property and wealth taxes and potential rent controls, but benefit from improved infrastructure and regional development boosting property values in underdeveloped areas. Enhanced environmental regulations could raise development costs but also enhance long-term property value through greater energy efficiency.?
Overall, the property market could see a shift towards more balanced growth and improved affordability, despite initial market uncertainties.”
Hope you enjoyed this month's update, as always any questions, please get in touch!?
Thanks,
DK
TAB. Trust. Transparency.
News in numbers:?