United Trust Bank increases the maximum LTV on bridging loans to 70%
United Trust Bank (UTB) has increased the maximum LTV available across their entire suite of regulated and non-regulated bridging loans to 70%. This includes property improvement loans for heavy refurbishment and conversion projects.
Key features of UTB’s overall bridging offering include:
- Max 70% LTV
- Regulated and non-regulated lending
- 1st Charge Bridging rates from 0.48% pm
- Loan size from £125k to £15m
- New Fast Track Bridging process for qualifying loans
- AVMs & Dual Legal Representation available
Mike Walters, sales director – property intermediaries, United Trust Bank, 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.”
