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Tiuta contines to offer 75% LTV

Bridging loan company Tiuta has reiterated that it continues to lend up to 75% LTV on open market valuations.

Tiuta continues to offer its 75% LTV amid the addition of a range of products, including Refurbridge, which covers the finance arrangements for both the purchase price and the cost of refurbishing the property.

An additional product, Underbridge, can finance 100% loans on properties that have been bought under value by as much as 40% compared to their open market value.

Gary Booth, chief executive of Tiuta, says: “Despite some tough market conditions, 2008 is shaping up to be a good year considering the climate. Brokers are increasingly turning to Tiuta in order to place clients needing short-term funding.”


Solicitor on CAL panel

Salans’ Thetford office has joined Conveyancing Alliance’s solicitor panel, offering brokers conveyancing and volume legal processing services.

Accord scraps products within 24 hours

Accord has pulled its prime existing borrower transfer range within 24 hours of it launching, blaming unforeseen circumstances.

Government proposals are negligent

Last week the government unveiled a package of measures to rescue the housing market. The Stamp Duty threshold has been raised from £125,000 to £175,000 for one year. Housing associations can now buy homes from borrowers facing repossession and rent them back. They can offer shared ownership deals too.

Blow the whistle on dodgy brokers

Mortgage fraud is on the rise so brokers, lenders and BDMs need to work with the regulator to strengthen the industry’s defences and finger the guilty parties, says Sue Read

What attendees thought of the LendInvest Property Development Academy

LendInvest ran its first Property Development Academy in London last month. Attendees from all over the UK gathered to learn how to better equip themselves with the skills they need to grow their property development portfolios. Speakers from CBRE, Gleeds, Arcadis, Gowling, Residential Edge and AZ Urban Studio gave their insights into their respective fields […]


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