Gary Booth CEO at Tiuta said: “Whilst it would have been easy for us to follow the lead of others and withdraw from the market, we have steadfastly remained active for the last couple of years. The experience of writing business during that period has proven to us that a combination of consistent prudent underwriting and ongoing interaction with our intermediaries remains the way forward.”
He added: “We are delighted that, after what seems an eternity of lenders making property purchases more and more difficult, we are in a position where we can look at further supporting intermediaries and their clients in a property market that is replete with opportunity.”
Tiuta is offering facilities of 75% LTV for loans up to £500,000 and these are based on open market value and not purchase price. Tiuta will also be announcing the launch of several new intermediary mortgage products in the coming weeks.
