Tamar Finance Uk - Financial Steps

Tamar Finance is a specialist lender operating in the UK property finance market. They focus on providing short-term bridging loans, development finance, and commercial mortgages. Unlike mainstream banks with rigid lending criteria, Tamar Finance positions itself as a more flexible and responsive lender, catering to borrowers who might not fit the traditional banking model. Their target audience often includes property developers, investors, and business owners seeking swift access to capital for various projects. This could involve property acquisition, refurbishment, development, or refinancing existing debt. A key selling point is their speed and efficiency. They pride themselves on being able to make quick decisions and provide funding in a relatively short timeframe, crucial for time-sensitive property transactions. Bridging loans are a core product offering. These short-term loans, typically ranging from a few months to a year, are often used to bridge the gap between the purchase of a new property and the sale of an existing one, or to fund urgent renovations. Tamar Finance assesses each bridging loan application based on its individual merits, considering factors like the loan-to-value (LTV) ratio, the borrower’s exit strategy (how the loan will be repaid), and the overall quality of the underlying property asset. Development finance is another significant area. Tamar Finance provides funding for residential and commercial property development projects, from smaller renovations to larger-scale construction. This type of finance is typically structured in stages, with funds released as the project progresses and milestones are met. They work closely with developers to understand their plans and provide tailored financing solutions. Commercial mortgages cater to businesses looking to purchase or refinance commercial properties. This includes properties such as offices, retail units, industrial units, and warehouses. Tamar Finance assesses the financial viability of the business, the value of the property, and the overall loan security when making lending decisions. The company emphasizes its personal approach to lending. They aim to build strong relationships with their borrowers and understand their specific needs. This involves working closely with brokers to tailor finance packages that meet the individual circumstances of each client. While their interest rates are generally higher than mainstream lenders, this reflects the increased risk and the specialist nature of their lending. Tamar Finance aims to offer solutions where traditional lenders might not be able to. This agility and personalized service can be particularly valuable for borrowers facing tight deadlines or complex financial situations. They are regulated, ensuring they operate within the legal framework and adhere to responsible lending practices. In essence, Tamar Finance plays a significant role in the UK property finance landscape, offering crucial funding for a range of projects and supporting growth in the property sector.