View more on these topics

Four more senior staff exit Tiuta

Mortgage Strategy understands that bridging lender Tiuta’s head of marketing Stuart Brumhill and head of business development Guy Garrard have both today left the firm.

In addition Tiuta’s regional account managers Gordon Rae and Jim Baker are also understood to have quit.

Garrard and Brumhill’s Linkedin statuses have been today updated to provide their personal contact details for people to contact them on.

When contacted by Mortgage Strategy Brumhill refused to comment.

The firm’s former chief executive officer George Patellis announced at the end of February 2011 that he was stepping down. Patellis at the time blamed family reasons and personal circumstances for his return to America.

In a statement commenting on the departures, Steven Nicholas, chief executive officer at Tiuta, says that the firm is continuing with its restructure of its sales and lending operations and that it has a forecasted £50m available to currently lend over the next couple of months.

He adds: “The recent improvements we made have led to unprecedented levels of funding being available to us to invest in high-quality bridging loans over the next couple of months.

“Combined with robust redemption figures being recorded we have an enormous opportunity to continue the growth of Tiuta to ensure it remains the number one bridging company in the UK.”


This month’s decision: hold

It wasn’t unanimous but Mortgage Strategy’s shadow Monetary Policy Committee voted to hold the base rate citing concerns about lower
growth expectations, rising inflation and reduced consumer spending

GDP figures show contraction was less than expected

The economy contracted by 0.5% in Q4 2010, slightly less than the 0.6% that had been expected. Gross domestic product fell by 0.5% in the final three months of last year, figures from the Office for National Statistics show. The annual growth rate was unchanged at 1.5%. Output from construction indus-tries was revised up, to […]


A reality check can promote protection

One area often overlooked in a parent’s desire to do the right thing for their children is dealing with he family’s financial future. That means looking at how the family could survive the loss of income through sickness or death. Unsurprisingly, it’s more pleasant to have a family discussion about next year’s summer holiday or […]

Concern about non-specialists dabbling in equity release

Brokers should not experiment with equity release unless they have specialist knowledge of the sector, says Dev Malle, sales director at Personal Touch Financial Services. At an Aviva round table debate last week, Malle said equity release is a potentially high-risk area. He says: “The Financial Servi-ces Authority has made it clear it views the […]


Health Shield joins the Association of Medical Insurance Intermediaries

Health cash plan provider Health Shield has joined the Association of Medical Insurance Intermediaries (AMII) as a corporate member. The non-profit-making Friendly Society is one of eight health cash plan providers to join the intermediary trade body, which is looking to establish working parties with intermediaries and providers on issues such as product innovation and regulation.


News and expert analysis straight to your inbox

Sign up
  • Post a comment
  • flamur vucaj 30th May 2011 at 4:38 pm

    or is it gone be another leaman brother very soon

  • Rob 5th April 2011 at 12:34 pm

    Good luck Jim

  • jim taylor 5th April 2011 at 10:30 am

    they may be having funding problems in reality?

  • Samuel George 5th April 2011 at 10:16 am

    Ouch, thats got to hurt

  • Samuel George 5th April 2011 at 9:30 am

    Ouch, that is gonna hurt …

  • paul rice 4th April 2011 at 5:25 pm

    Gordon and Jim aren’t daft either…….if they’re going its for a good reason…………or a particularly large stash of money.

  • Chris Fleetwood 4th April 2011 at 5:17 pm

    To lose one senior member of staff may be regarded as a misfortune, to lose another three looks like carelessness. (with apologies to Oscar Wilde)

  • Gill Harris 4th April 2011 at 4:39 pm

    One can only assume Brumhill and Garrard will be appearing at another lender very soon?

  • Gill Harris 4th April 2011 at 4:36 pm

    One can only assume Brumhill and Garrard will be appearing at another lender very soon?