Tiuta drops rates to 1.25%

Tiuta has dropped its interest rate to 1.25% in the wake of the recent base rate reductions.

The bridging company now offers 1.25% per month up to 65% LTV and 1.45% per month for LTVs between 66% and 70%.

Gary Booth, chief executive at Tiuta, says: “Property prices are now competitive meaning that professional buyers are active.

“With rental incomes holding up and the cost of financing decreasing an investor can achieve attractive yields, ignoring any capital appreciation in the future.”