United Trust Bank increases the maximum LTV on bridging loans to 65%
United Trust Bank (UTB) has increased the maximum LTV available on its standard and light refurbishment bridging loans to 65% with immediate effect
Key features of UTB’s bridging offering include:
- Max 65% LTV
- Rate card from 0.48% pm <50% LTV
- Loan size from £125k to £15m
- Minimum property value £150k (or £100k for multiple securities)
- AVMs for loans up to £1m, Max 55% LTV and max £1m property value
More details of United Trust Bank’s bridging and light refurbishment loan product can be found here
Mike Walters, sales director – Property Intermediaries, United Trust Bank, commented: “Throughout 2020 United Trust Bank released a wide variety of products, criteria and digital enhancements to help property finance intermediaries write more business whilst 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.”
