The company has also recorded lending £380m over the past two-and-a-half years.
Duncan Kreeger, CEO and founder of TAB (pictured above), commented on the achievement while also setting out the firm’s next targets.
“TAB had an ambitious goal to reach £500m in loans by 2024, and we are delighted to announce that we have achieved this goal while dialling down risk and improving our cost of funding passed onto our valued customers.
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“Through our hard work and strong relationships with our brokers, TAB can expand its lending presence beyond London to encompass the south east of England, the Midlands, Scotland, and Wales.
“As we move into the latter part of 2024, political stability and the expectation that interest rates may fall means that there are exciting times ahead for the UK property finance sector.
“We remain dedicated to maintaining our standards and will continue to set further goals; the next being a £700m loan book by 2025.”
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