UTB reduces rates for bridging loans at all LTVs
United Trust Bank has published reduced interest rates for its bridging loans across all LTV bandings, starting from just 0.55% per month for first charges and 0.75% per month for second charges at up to 50% LTV.
In addition, they have introduced a new banding of up to 55% LTV with rates of 0.60% per month for first charges and 0.80% per month for second charges. The new rates are available to all brokers for both regulated and non-regulated loans from the 1st of February 2017.
Gavin Diamond, Commercial Director – Bridging, United Trust Bank, commented:
“We’ve been one of the most competitively-priced lenders in the market for many years and these new rates send a clear message to brokers and borrowers that we are open for business and keen to lend.”
“Our experienced and knowledgeable team are able to quickly complete regulated and unregulated bridging loans for customers with circumstances that could be straightforward or extraordinary. We look forward to introducing more brokers and borrowers to the outstanding service provided by United Trust Bank.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
FCA
Firms required to report complaints involving vulnerable customers under simplified FCA rules
Santander
Santander joins mortgage price war with new rates from 3.51%
FCA
FCA sets out timeline for mortgage rule changes
Inflation
Bank of England set to cut rates as inflation falls to eight-month low
This week's biggest stories:
FCA
Firms required to report complaints involving vulnerable customers under simplified FCA rules
Santander
Santander joins mortgage price war with new rates from 3.51%
FCA
FCA sets out timeline for mortgage rule changes
Inflation
Bank of England set to cut rates as inflation falls to eight-month low
Nationwide
FCA fines Nationwide £44m for inadequate financial crime controls
FCA
FCA announces new measures to support growth of mutuals sector