View more on these topics

Offers of funding are starting to roll in, says Tiuta

Guy Garrard, head of business development at Tiuta, has revealed it has received a number of offers for funding.

Speaking at the Mortgage Business Expo last week, he told the audience that the offers are from well-known firms.

Garrard says: “Six months ago nobody wanted to talk about funding but now we are getting many offers of funding and it’s from the kind of people everybody knows.

“We will be the start of a re-covery and it will be a different world in 12 months’ time.”

Garrard also predicted that the buy-to-let market will be regulated by the Financial Services Authority by this time next year.

He asked delegates if they believed buy-to-let would be regulated by this time next year, and the majority said it would.

He says: “Buy-to-let regulation will be good for the market if it is done properly, but that is a big if.”

Recommended

BOB HUNT, CHIEF EXECUTIVE, PARADIGM MORTGAGE SERVICES

Broker distribution impetus is growing

One senses that the mortgage industry is finally past wishing for a return to the pre-credit crunch market. Dwelling on the past helps no-one and only increases the chance that you will miss out on opportunities today. While I would not suggest there is a buzz about the mortgage industry, I am convinced there is […]

Post Office bank will not be viable

The government has ruled out creating a Post Office bank because it would be time consuming and expensive. Edward Davey, minister for postal affairs, revealed last week that at a time when public finances are under huge strain the government believes its funding would be better spent modernising and maintaining the network. He adds that […]

ALAN MATHEWSON: KEEN TO SUPPORT B2L SECTOR IN 2011

Abbey plans products for non-professional landlords

Abbey for Intermediaries is looking at entering the buy-to-let market in 2011 with products aimed at nonprofessional landlords. The lender currently has no buy-to-let products, but with the sector growing over the last year, it says it is a market it’s keen to support next year. Speaking exclusively to Mortgage Strategy, Alan Mathewson, managing director […]

Newsletter

News and expert analysis straight to your inbox

Sign up