Mike Walters

United Trust Bank launches promotion for bridging loans over £500,000




United Trust Bank (UTB) has launched a summer promotion which aims to reward borrowers and brokers on bridging loans of £500,000 or more.

Borrowers will receive £500 cashback when their loan draws down as part of the specialist bank’s Summer Big DIPs promotion.

The broker will receive a golden owl point — as well as an entry into a prize raffle — for each qualifying DIP they submit.

The more qualifying DIPs a broker submits, the more raffle entries they receive.

Prizes in the golden owl points raffle range from an Amazon Echo for one point to a choice of experiences from Virgin’s ‘Magenta’ range for three points.

Other experiences include an introductory helicopter flying lesson, a full day Indian cookery class at the Cooking Academy and a luxury one-night stay at the five-star Ellenborough Park hotel in the Cotswolds.

“With the recent introduction of dual legal representation, the speed and financial advantages of AVMs and yet more bridging product enhancements to come, UTB is already a great choice for brokers and bridging borrowers,” said Mike Walters, head of sales for mortgages and bridging at UTB (pictured above).

“However, the ‘Summer Big DIPs’ promotion gives brokers yet another reason to call UTB when placing their larger bridging loans.”

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