Specialist lender Tiuta say that 30% of all business it received is now is regulated business, a six fold increase from the start of the year when it was 5%.
George Patellis , CEO at Tiuta, said it illustrated the direction that the lender was moving in.
He added: “With the strength of the FSA’s influence ever more apparent upon the industry we have noted that brokers and IFAs are focusing more on dealing with firms operating within the specialist markets who are FSA regulated. It stands to reason that brokers looking to place business within these niche sectors should be looking towards regulated firms rather than those sitting outside the FSA’s perimeter.”””
