Tiuta offers to refund valuation fees

Tiuta is offering to refund valuation fees upon completion across its range of residential bridging products.

The offer applies to all bridging loan applications that complete by Friday April 1 and is subject up to a maximum value of £500.

The refund of the valuation fee will be made on completion of the loan and the offer is available direct through Tiuta and its packaging panel.

Guy Garrard, head of business development at Tiuta, says short-term lending has started 2011 with a bang thanks to the launch of a highly competitive deal, a new regulated lender and a management buy-out.

He says: “Clearly demand is helping to drive this sector and with increased demand, innovation and competition should swiftly follow.

“The decision to refund valuation fees up to a maximum of £500 upon completion will enable intermediaries and our specialist distribution partners to offer clients even better value and deliver more business.

“We look forward to announcing further product and criteria innovations in the near future as we remain extremely optimistic for the year ahead.”