Tiuta originally focused its efforts on bridging finance and buy-to-let business, but in recent months it has developed the regulated side of the business, offering short term finance in the residential sector.
Tuita has seen increasing demand for regulated products with figures rising from 5% of overall business at the beginning of January 2010 to 30% of Tiuta’s current total book, representing a six fold increase from January 2010.
George Patellis, CEO at Tiuta, said: “This is not an insignificant rise and really illustrates the direction that Tiuta is moving.
"With the strength of the FSA’s influence ever more apparent upon the industry we have noted that brokers and IFAs are focusing more on dealing with firms operating within the specialist markets who are FSA regulated.
“It stands to reason that brokers looking to place business within these niche sectors should be looking towards regulated firms rather than those sitting outside the FSA’s perimeter.”
