Bridging association adds two more affiliate lenders

Tiuta and Precise Mortgages havetoday joined the Association of Bridging Professionals as affiliate lenders.

Joining the likes of Dragonfly Property Finance, Cheval and Masthaven, this brings the total number of lenders within the association to 10.

Precise launched into the short-term lending market last week and at the same time Tiuta turned its back on regulated lending as it restructures its team following a series of high profile walkouts.

Launched in October last year the AOBP was created to be a trade body for brokers, master brokers and packagers.

Danny Churchill, Director of Commercial 1 and executive committee member at the AOBP, says: “The AOBP very much welcomes the addition of two new Lenders to the affiliate panel.

“Tiuta brings with it a wealth of experience in the bridging and short term lending sector and Precise, although newly established, has an excellent management team and have recently launched into this dynamic and ever evolving sector of the mortgage market.

“This further demonstrates the importance of the AOBP and the impact it is having in such a relatively short space of time.”