Tiuta increases large loan facility

Tiuta has announced an expansion in its large loan funding line.

This comes after the short-term provider lent a £30 million tranche of funds specifically available for loans between £1 million and £30 million.

The large loan funding line has now been extended and doubled to £60 million for use over the next few months.

Following its move to offer a specific large loan proposition Tiuta claims it has seen a four-fold increase in enquiry levels for the product, with prime properties in Central London not unsurprisingly being a large basis for this demand.

Steven Nicholas , CEO at Tiuta, said: “We secured the new £30 million large loan funding line at the start of December and within two months we have lent this facility out to the market. We are now able to announce a doubling in the amount of funds available for larger loans