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Tiuta regulated business jumps

by: Mortgage Solutions
  • 02/06/2010
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Bridging loan lender Tiuta has revealed that its regulated business has increased six-fold since the start of 2010 and now accounts for almost a third of its business.

Tiuta said it had seen a market shift in demand for regulated products, with figures rising from 5% of its overall business at the beginning of January 2010 to 30% of its current total book.

George Patellis, chief executive of Tiuta, said: “With the strength of the FSA’s influence ever more apparent upon the industry, we have noted that brokers and IFAs are focusing more on dealing with firms operating within the specialist markets who are FSA regulated. It stands to reason that brokers looking to place business within these niche sectors should be looking towards regulated firms rather than those sitting outside the FSA’s perimeter.”

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