Tiuta arranges short term finance in 8 hours

Tiuta, the bridging finance specialist, has announced the completion of a loan in less than a full working day to illustrate the speed at which short term finance can be arranged.

From a standing start Tiuta has managed to complete on a loan in less than eight hours for a client in grave danger of losing a substantial deposit and related fees. The client had recently exchanged on a plot of land with approved planning permission but due to a series of unfortunate events funds did not materialise which resulted in the vendor putting the client on a strict notice period to complete. The deal had nine hours in which to complete or the client faced a potential loss of a deposit and fees amounting to over £400,000.

Given the strict timescales involved Tiuta was able to complete the loan within an eight hour period to ensure the client did not suffer any financial loss.

Gary Booth, CEO at Tiuta, commented: “An eight hour transaction isn’t something that happens everyday nor would we recommend that our clients leave things quite that late but it does illustrate how fleet of foot and nimble a good, professional short term lender can be.

“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. The summer months have seen demand for short-term finance grow, especially through intermediary channels. We will continue to work hard to bolster our intermediary support amidst the growing optimism surrounding the housing market and the resultant opportunities this will bring.”

The client in question 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.”

For more information, visit tiutaplc.com.