AOBP welcomes two new Affiliate Lenders

Precise Mortgages and Tiuta plc are the latest additions, bringing the number of lenders to ten.  

With their newly-launched short term lending proposition, Precise Mortgages has entered the bridging market with a range of products and rates which stand them in good stead to become a top-tier lender in the coming months.

Concurrently, Tiuta plc, a brand name in the industry, has announced their return to basic core bridging loan activities.

Alan Cleary, Managing Director at Precise Mortgages, commented: 

“We have had a tremendous response to the launch of our bridging and short term lending proposition. We are look forward to working closely with AOBP to develop this further.”

Steven Nicholas, CEO of Tiuta plc, said:

“In a short space of time the AOBP has established itself as a strong presence supporting bridging professionals; we are therefore pleased to announce that Tiuta plc has joined the organisation as an Affiliate Lender.

“The bridging sector continues to grow and thrive and it is vitally important that we have a body committed to ensuring we operate with a coherent voice and that we are responsive to the changing nature of our business.

"We look forward to working closely with the AOBP and being a strong Affiliate lender member to ensure we can all achieve our goals.”

The AOBP will continue to grow its base of members at all levels to ensure that as an organisation it represents the market and provides the necessary support and information to valued intermediaries.

Speaking on behalf of the AOBP, Danny Churchill, Director of Commercial 1 Ltd and Executive Committee member says:

"The AOBP very much welcomes the addition of two new Lenders to the affiliate panel.

“Tiuta brings with it a wealth of experience in the bridging and short term lending sector and Precise, although newly established, has an excellent management team and have recently launched into this dynamic and ever evolving sector of the mortgage market.

“This further demonstrates the importance of the AOBP and the impact it is having in such a relatively short space of time."

Masthaven, Cheval and Dragonfly Property Finance are amongst the ten Affiliate Lenders on the AOBP panel.