You are here: Home - News -

SLS to distribute Tiuta bridge-to-let deal

by: Mortgage Solutions
  • 07/06/2010
  • 0
Savills Lending Solutions (SLS) has been chosen as one of three distribution partners of Tiuta’s new intermediary-only bridge-to-let product.

Alongside Manor Mortgages and Pavilion Securities, SLS will offer customers the ability to borrow on 100% of the purchase price.

Clients wanting to refurbish a property with a guaranteed exit after six months can borrow 75% of the open market value. Subject to requirements, they can then borrow 75% of the refurbished value on a two-year fixed rate buy-to-let deal at 6.99%.

Rob Jupp, director of SLS, said: “This is an innovative product that allows professional investors to fund schemes requiring refurbishment and then when this refurbishment has taken place allows them to transfer onto a competitive fixed rate buy-to-let deal.”

Guy Garrard, head of business development at Tiuta, added: “Controlled distribution and choosing the right strategic partnerships remain key and we believe this route to market will continue to best serve the intermediary marketplace.”

Related Posts


There are 0 Comment(s)

You may also be interested in

Read previous post:
CGT rise will force kids to live longer with parents

The killer effect a Capital Gains Tax (CGT) rise is likely to have on the buy-to-let landlords will put renting...