United Trust Bank increases maximum bridging LTV to 70%
United Trust Bank has increased the maximum LTV available across its entire suite of regulated and non-regulated bridging loans to 70%.
"We believe that the time is right to increase our maximum LTV appetite to support the market even further"
This includes property improvement loans for heavy refurbishment and conversion projects.
United Trust Bank offers first charge bridging rates from 0.48% on loan sizes between £125,000 and £15m.
It also offers a new fast track bridging process for qualifying loans, with AVMs and dual legal representation available.
Mike Walters, sales director at 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.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
Iress
Iress announces major upgrade to Xplan Mortgage platform
Mortgage Rates
Barclays relaunches sub-4% mortgage rate
Lloyds
Lloyds partners with Connells and LMS to launch fully digital homebuying journey
FCA
FCA sued over compensation scheme that 'significantly underestimates harm'
Mortgages
Mortgage affordability at tightest level since 2008: UK Finance
FCA
FCA announces changes to streamline senior managers regime
