Legal & General to distribute Tiuta buy-to-let commercial loan

The loan is available at 6.99% at up to 70% LTV.

Ben Thompson, director of mortgages at L&G said the buy-to-let loan was an indication that life is returning to the commercial property market.

He said: "Everyone from landlords to pension funds want to get in on the act and we are pleased to be one of the distributors with access to this product."

Kevin Jones, managing director of Omega, said it was delighted to be working with Tiuta to bring the product to market as it was the first new launch in this area for some time.

He added: "There is a pent-up demand for commercial buy-to-let products, which this mortgage specifically addresses. We expect it to generate significant interest."

Legal & General Mortgage Club launched its commercial loans service in June this year, with Omega and The Business Mortgage Company.