Specialist lender Tiuta is returning to 75% bridging funding

It is offering facilities of 75% LTV for loans up to £500,000 and these are based on open market value and not purchase price.

The lender is also to launch several new intermediary mortgage products in the near future.

Gary Booth , CEO at Tiuta said: “Whilst it would have been easy for us to follow the lead of others and withdraw from the market