Mortgage News
Tiuta undertakes eight hour loan completion
Bridging finance specialist Tiuta has completed a loan in less than eight hours to demonstrate the speed at which short term finance can be arranged.
The deal had nine hours in which to complete or the client, Mr. Raj, faced a potential loss of a deposit and fees amounting to over £400,000. He did suffer any loss as a result of Tiuta.
Gary Booth, chief executive of Tiuta, said it showed the nimbleness of a short term lender.
He said: “We are vastly experienced at working under the strictest imaginable time pressures and efficiency is an essential element when delivering short-term finance to clients seeking quick solutions to their financial needs.”
Mr. Raj added: “My immediate reaction was one of immense relief, quickly followed by a debt of gratitude. Prior to talking to Tiuta everything that could have gone wrong did so. The team there were absolutely magnificent and ensured I was saved from any financial disaster.”
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