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.