United Trust Bank increases maximum bridging LTV to 65%
United Trust Bank has increased the maximum LTV available on its standard and light refurbishment bridging loans to 65%.
"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"
UTB's bridging range offers rates from 0.48% with loan sizes from £125,000 to £15m on a minimum property value of £150,000.
The Bank also utilises AVMs for loans up to £1m on a maximum LTV of 55% and a maximum property value of £1m.
Mike Walters, sales director at 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.”
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