UTB ups max LTV on bridging loans to 65%

Clients can borrow between £125,000 to £15m on a minimum property value of £150,000 (or £100,000 for multiple securities).

UTB also provides AVMs, which apply for loans up to £1m, a maximum 55% LTV, and/or a property value of £1m.

The bank’s bridging offering includes rates from 0.48% per month for under 50% LTV.

Mike Walters, sales director for property intermediaries at United Trust Bank (pictured above), said: “Throughout 2020, UTB released a wide variety of products, criteria and digital enhancements to help property finance intermediaries write more business, while still navigating the challenges created by the Covid-19 pandemic.

“As a result, the bank completed record volumes of new bridging business last year and we’re keen to top that achievement in 2021. 

“This increase to our maximum bridging loan LTV is a clear signal of our confidence in the market, and our desire to support brokers and their customers in securing competitive and reliable funding from an experienced, through-the-cycle lender.”