United Trust Bank enhances non-regulated bridging proposition

The maximum Fast Track LTV has increased from 60% to 65% LTV and the maximum loan has increased from £750k net to £1m.

UTB’s Fast Track service has a dedicated team and simplified underwriting process designed to accelerate the turnaround times of straightforward regulated and non-regulated bridging applications.

Owen Bentley, head of bridging sales at United Trust Bank, commented: “We have established UTB as one of the foremost providers of regulated bridging finance in the market and now we are turning our attention to growing our share of the non-regulated sector. Brokers are benefitting from a winning combination of highly skilled and knowledgeable people and innovative processes and technology which together deliver quick, reliable decisions and pay outs.

“Non-regulated loans tend to be bigger and at higher LTVs so these enhancements to Fast Track and Hometrack AVM criteria give brokers greater scope to consider UTB for their professional clients and enjoy the exceptional service we provide, whether through Fast Track or standard application routes.

“This is the first of several criteria, product and process changes we will be announcing over the next few weeks all of which will make UTB an even more attractive option for brokers looking to source competitive non-regulated and regulated bridging loans.”