United Trust Bank cuts bridging rates

United Trust Bank has reduced pricing on its range of regulated and unregulated bridging loans.

The specialist bank is now offering regulated bridging loans with interest rates from 0.77% pm and unregulated bridging loans from 0.79% pm.

UTB’s regulated and unregulated products offer free AVMs on applications of up to 65% LTV and its streamlined Fast Track service for qualifying loans of up to £1m net.

Sundeep Patel, director of bridging at United Trust Bank, said: “I am delighted to announce these new lower interest rates for our regulated and unregulated bridging ranges, supporting brokers and their customers in challenging market conditions.

“We are continuing to see strong demand from customers wishing to fulfill ambitions for their own homes and from experienced and novice property developer/investors actively seeking opportunities to acquire properties with potential to refurbish and sell on or let out.

“With competition still high for the right properties, brokers can trust our experienced and knowledgeable team to deliver quick, reliable and competitive funding for their customers with a wide variety of requirements and goals.”