Tiuta launches fixed rate deal

The product will be accessible to individuals and limited companies and is exclusively available through Commercial Processing UK, the joint venture of Omega and Commercial Mortgage Solutions.

Guy Garrard, head of business development at Tiuta said the firm can offer facilities to potential purchasers of HMOs and existing owners who have been disenfranchised by the dearth of remortgage funding.

He added: "This type of funding almost dried up completely and we are delighted to be in a position to offer professional investors and brokers the opportunity to take advantage of the regeneration of this sector."

Kevin Jones, director at Commercial Processing UK, said Tiuta was demonstrating its ongoing commitment to the commercial lending market with the launch of these innovative products.

He added: "Commercial Processing UK is looking forward to developing the relationship further, which will be beneficial to both companies and our own extensive network of professional introducers."