View more on these topics

EXPO 2010: Funding offers rolling in, says Tiuta

Guy Garrard, head of business development at Tiuta, revealed at the Mortgage Business Expo today that the lender is receiving a number of offers for funding.

Garrard says: “Six months ago nobody wanted to talk about funding. But now we are getting many offers of funding and it’s from the kind of people everybody knows.

“We will be the start of a recovery and it will be a very different world in 12 months’ time.”

In October Tiuta revealed it had secured a major new funding line through Connaught Asset Management.

The open ended fund has a revolving value of up to £300m and from it Tiuta has the ability to lend with terms of up to five years.


Leader: One-week sales hit market

Since the credit crunch hit we’ve seen lenders adopt many different ways of distributing mortgages. There’s been tranche lending, the gradual return of exclusives and semi-exclusives, and obviously the dreaded reliance on high street lenders’ branches offering deals direct to consumers. Last week we saw a new addition to this list – lenders providing limited […]

Focus on providing appropriate cover, not just commission

Sainsbury’s last week revealed that 43% of mortgage holders in Britain do not have their mortgage contributions covered by life insurance. Why is the focus always on life cover for a mortgage? Whatever happened to looking at what overall protection an individual family needs? Maybe if we started doing the job the way it should […]


News and expert analysis straight to your inbox

Sign up