Gareth Lewis quits Tiuta for Precise

It is understood that Tiuta staff were informed of Lewis' departure yesterday afternoon.

Steven Nicholas, chief executive of Tiuta, said:"It’s always sad to see a valued member of the Tiuta team leave and we wish Gareth all the best in his new role.

"From our point of view, we have no plans to employ an immediate replacement as we have a very strong business development team already in place who fulfil that role, notably Kirsty Buchanan who has flourished at Tiuta since she joined as Business Development Manager in May this year.

"We have experienced record business levels at Tiuta throughout the summer months and we are looking at a record amount of enquiries already in September.

"Our focus, as always, is on delivering a quality service and ensuring our brokers and introducers have everything they need in order to complete business with us.

"The Tiuta brand, and the relationships we have in place, are not dependent on one person – the fact that we are the only bridging lender to be one of the Top 30 lenders in the UK is proof of that. Tiuta remains wholly focused on the bridging market and we have no doubts that the quality of our proposition and the strong service we provide means our broker and introducer contacts continue to make Tiuta, and our business development team, their first port of call.”

Lewis joined Tiuta in May this year as head of business development after leaving Cheval.

It is unclear what role Lewis will take at Precise as yet but we’ll keep you posted.

Lewis was unavailable for comment and Precise Mortgages refused to comment on the appointment.