The addition of Precise Mortgages who have recently entered the bridging market and Tiuta will bring the number of lenders on the panel to 10.
Alan Cleary, managing director of Precise Mortgages, said: “We have had a tremendous response to the launch of our bridging and short term lending proposition. We are look forward to working closely with AOBP to develop this further.”
Steven Nicholas, chief executive officer of Tiuta, added: “In a short space of time the AOBP has established itself as a strong presence supporting bridging professionals; we are therefore pleased to announce that Tiuta has joined the organisation as an affiliate lender.
“The bridging sector continues to grow and thrive and it is vitally important that we have a body committed to ensuring we operate with a coherent voice and that we are responsive to the changing nature of our business.
"We look forward to working closely with the AOBP and being a strong affiliate lender member to ensure we can all achieve our goals.”
Danny Churchill, director of Commercial 1 and executive committee member of the AOBP, added: "The AOBP very much welcomes the addition of two new Lenders to the affiliate panel.
“Tiuta brings with it a wealth of experience in the bridging and short term lending sector and Precise, although newly established, has an excellent management team and have recently launched into this dynamic and ever evolving sector of the mortgage market.
“This further demonstrates the importance of the AOBP and the impact it is having in such a relatively short space of time.”
