Specialist lender Tiuta PLC has been pleased with the response to its June launch into secured loans.
The launch was made in conjunction with Savills Lending Solutions and the products are for either owner occupied or buy-to-let properties as security.
Gary Booth , CEO at Tiuta said: "We’re absolutely delighted with the initial response to these products from the SLS intermediaries to date. This launch is the first of a series of new product initiatives that Tiuta are committed to, and whilst we accept that any new product availability in a market that has contracted so severely was always going to be welcomed, the quality of business received is a testament to both prudent product design and sagacious business partnering.
"The way in which this partnership is working has encouraged us to bring forward these exciting new product launches in the next few weeks."
Rob Jupp, director at Savills Lending Solutions said: "We have been thrilled with the results of the initial pilot in June. Tiuta have listened to our feedback and made some sensible amendments to criteria, which makes the product even more appealing to prospective clients. Savills Lending Solutions are delighted to be their sole distributor for this product."