Tiuta still lending 75% LTV

Bridging company Tiuta has reported record levels of enquiries in the last quarter of 2007, which it puts down to it still offering 75% LTV.

Gary Booth, CEO of Tiuta, says: “2007 was a great year for Tiuta and, despite some tough market conditions, 2008 is shaping up to be good considering the climate.

“Brokers are increasingly turning to Tiuta in order to place clients needing short-term funding, as we are still lending up to 75% LTV on open market valuations and performing very strongly.”

Tiuta has launched a range of new products in the last few months including Refurbridge, which will finance both the purchase price and the cost of refurbishing the property.

It has also launched Underbridge, which can finance 100% loans on properties that have been purchased under value, by as much as 40% compared to their open market value.