Lender leads the evolution of the Larger Bridge

Lender leads the evolution of the Larger Bridge


A leading short-term loan lender has today announced an evolution of its product range and is now able to offer finance for higher value, larger bridging loans.

Tiuta PLC, the only bridging lender in the top 30 for gross mortgage lending in the UK last year, according to the Council of Mortgage Lenders, can now offer short-term finance to clients looking for a stand-alone bridging loan in the region of £2 million to £30 million. 

These loans are available for purchase, refinance or development properties and ideally would be situated within Central London or the Home Counties however Tiuta is able to look at each loan on an individual basis.

Product interest rates are available from 1.1 per cent per month, with an arrangement fee of 1 per cent and a broker/introducer procuration fee of 1 per cent.

Steven Nicholas, CEO at Tiuta, commented: “We have seen an increase in demand for larger loans from our broker and introducer partners and we felt it was important to react quickly with a product offering that meets their client’s needs.

“Particularly in London and the South East these types of higher value loans are becoming more common and with our considerable funding lines and our experience we are able to work competitively in this marketplace. While our preference is for this geographical area, we are always willing to look at each deal on its individual merits and we would urge those looking for such finance on behalf of their clients to contact Tiuta first to see how we can help.”

Tiuta, launched in 2003, is a short-term finance and bridging loan company with experience of working with developers, brokers, one-off buyers and professional investors.

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