The bridging deal for mainstream borrowers is available from Brightstar shareholder Tiuta up to 70% LTV, but will be restricted to applicants within the boundaries of the M25.
However, Rob Jupp, managing director of Brightstar, has reassured brokers that it will have many products for brokers across the UK.
Jupp said: “This is a fantastic product for us to be able to start trading with. Brokers in London should love this, but please be assured that we aren’t a London-centric business and we have many, many products for our brokers outside of the capital.”
Guy Garrard, head of business development at Tiuta, said: “A mainstream London bridging product with rates from 0.89% and the launch of Brightstar Financial makes 31 January an excellent day for the intermediary. Tiuta is delighted to be working with Rob and his team and we are looking forward to making further product announcements for 2011 as our outlook continues to be upbeat.”
