Mike Walters

UTB ups maximum LTV on bridging

United Trust Bank (UTB) has increased the maximum LTV across its regulated and unregulated bridging loan range to 70%.

This includes property improvement loans for heavy refurbishment and conversion projects.  

UTB’s bridging offering includes loan sizes between £125,000 and £15m, with rates starting from 0.48% per month for first-charge facilities.

The bank recently launched a fast-track bridging process for qualifying loans.

AVMs and dual legal representation are also available across its bridging proposition.

Mike Walters, sales director for property intermediaries at United Trust Bank (pictured above) commented: “We remained open for business throughout the pandemic, introducing many product, criteria and digital enhancements to help property finance intermediaries write more business. 

“We believe that the time is right to increase our maximum LTV appetite to support the market even further, and you can expect to see more positive changes from UTB over the next few months as we respond to the changing environment and increasing confidence.”

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