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.

Mr 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.”

Alistair Ewing, managing director at the Lending Channel, said: “I am delighted to welcome TAB’s short-term lending services to Scotland.

“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.”

Following TAB’s successful 2023, which included securing a £300 million 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. This move into Scotland comes as part of TAB’s broader expansion plan for 2024.