Tiuta to launch mainstream mortgage product
Share
Tiuta is to launch a mainstream mortgage product exclusively for brokers at the Mortgage Business Expo next week.
Details of the product are yet to be revealed ahead of the product’s formal launch next week, but the product will represent a significant shift in focus for the company known primarily for its bridging lending activities.
The product will only be available through Savills Lending Solutions and Omega.
Guy Garrard, head of business development at Tiuta, says: “By launching this mainstream intermediary mortgage product at the Mortgage Business Expo it shows that our company focus is extending out past bridging into other areas.”
The move follows Tiuta’s recent launch of a three-year buy-to-let fixed rate deal for Houses in Multiple Occupation in September, as well as a secured loans proposition back in June.
The Mortgage Business Expo is being held at the Olympia exhibition centre in London on November 11 and November 12.
If you enjoyed this article, sign up here to receive daily email updates from Mortgage Strategy and Follow @mortgagestrat
Readers' comments (5)
Mark Ericsson | 5 Nov 2009 10:10 am
Seeing innovation return to the mortgage lending and intermediary marketplace is a very positive sign that the worst trading conditions may already be behind us.
Tiuta, Omega and SLS are to be congratulated on their initiative. This should contribute to a much more upbeat MBE at Olympia next week than we've all encountered last year.
Good on you all.
Unsuitable or offensive? Report this comment
Anonymous | 5 Nov 2009 10:34 am
Hats off to Tiuta for their innovative approach in a market place that has been squeezed significantly in the last couple of years.
To all you lenders out there, come up with something new and innovative and let's vote to Tory come next May :)
Unsuitable or offensive? Report this comment
Anonymous | 5 Nov 2009 4:51 pm
An excellent piece of news. At long last a lender showing some intiative and ensuring it is launched correctly.
Unsuitable or offensive? Report this comment
Andy Sewell | 6 Nov 2009 9:05 am
Thanks goodness for lenders like Tiuta. I strongly believe that whilst the rest do virtually nothing in terms of making progress new lenders like Tiuta will, by stealth, be the intermediary champions of tomorrow. Wake up some of you other mortgage lenders!!!!
Unsuitable or offensive? Report this comment
Anonymous | 6 Nov 2009 10:32 am
re Andy Sewell | 6 Nov 2009 9:05 am
He would say that - he's closely linked to SLS!!!
LOL
Unsuitable or offensive? Report this comment