Previously, the specialist bank’s bridging products were only available if the security property was in England or Wales.
Mike Walters, head of sales for mortgages and bridging at UTB (pictured above), stated that UTB was continually “enhancing and improving” its property finance offering.
“I’m excited that we can now provide bridging for Scottish properties,” he added.
“We see huge potential to develop the bridging market in Scotland, as we have done across many other parts of Great Britain over the past few years with considerable success.”
Paul Mansell, BDM at UTB, expressed his ambition to increase his contacts in Scotland.
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“I’ve been working with several great brokers in Scotland and it’s clear there’s a growing demand for bridging finance,” said Paul.
“I’m delighted that I’ll now be able to offer UTB’s competitive products and outstanding service to brokers with requirements in Scotland.
“I’m looking forward to helping my existing broker contacts develop their bridging business as well as meeting new contacts throughout 2020.”
Alistair Ewing, managing director at the Lending Channel, added: “We’ve enjoyed an excellent working relationship with UTB for a number of years and we were delighted when it decided to launch its short-term finance proposition in Scotland.”
The Lending Channel helped UTB complete its very first bridging loan in the region.
“Like its other lending products, it made the whole process very easy from start to finish and I look forward to writing more business with UTB in the future.”