UTB Bridging expands proposition with new near-prime range and heavy refurb return

United Trust Bank (UTB) has expanded its bridging proposition with the introduction of new standard and near-prime ranges and the return of heavy refurbishment finance.

Available with immediate effect, the enhanced proposition has been shaped by broker feedback and is designed to give intermediaries more options.

A key addition is UTB’s new near-prime bridging range, available across both regulated and unregulated bridging finance.

The new products are designed to bridge the gap between standard and more specialist lending, enabling UTB to consider borrowers with historic credit events that may fall outside typical bridging lending criteria.

The expanded range provides brokers with a broader toolkit for both straightforward and more complex cases, with dedicated re-bridging and second-charge options alongside UTB’s refurbishment proposition.

The latest enhancements follow UTB’s recent launch of its new bridging portal, and Gene Clohessy’s appointment as director of BTL and bridging.

Gene (pictured above) commented: “We are delighted with the response to our new bridging portal and now we’re quickly following that with a significantly broader proposition, giving brokers more options and more reasons to bring bridging cases to UTB.

"The introduction of near prime is particularly exciting because it enables us to support good customers whose circumstances may not quite fit standard criteria, while the return of heavy refurbishment strengthens our ability to support more ambitious property projects.

"Technology is helping us remove friction and accelerate the straightforward parts of the journey, while our experienced people remain available to apply judgement, talk through cases and find solutions when things are more complex.

“That combination is exactly where brokers want UTB Bridging to be, and there are plenty more exciting changes to come.”