Warm heart, cool head: fast bridging

For an online bridging loan application click here

 

What is a United Trust Bank Residential Bridging Loan?

 

It is a short term loan, secured on habitable residential property.

 

What can a Bridging Loan be used for?

• To buy a property - enabling the completion of the purchase of a new property before the sale of the existing property
  
• To fund the urgent purchase of a property for example an auction purchase or when a property chain breaks
  
• To cover the cost of an extension pending re-mortgaging
  
• To raise capital pending the sale or remortgaging of a property
  
  

For an indication of valuation & solicitors fees click here


Why a United Trust Bank Limited Bridging Loan?

• As we are an FSA registered Bank and subscribers to the Banking Code – you are assured of a first class professional service.
  
• Competitive rates from 0.95% pm - The actual rate available will depend upon the circumstances and the property offered as security.
  
• We are prepared to roll-up interest so that monthly finances are not disrupted, this will however increase the amount to be paid back.
  
• Funds available within 10 days
  
• Up to 80% loan to value. We will lend up to 80% of the value of a property if we have a first charge. If we have a second charge we will lend an amount which when added to the first mortgage is not more than 65% of the value of the property.
  
• Loans can be arranged against first and/or second charges over the existing property and/or the new property.
• On line bridging loan application or telephone application
• Regulated and non-regulated loans available
  
• For authorised brokers, the online bridging portal enables all regulated documentation to be automatically created
  
• Online case tracking
  
• Loans from £100,000 to £2,000,000. The amount that can be borrowed depends upon the value of the property and the ability to repay from sale proceeds, a long term mortgage or a combination of the two. We will take into account overall financial standing when determining whether or not to make a mortgage offer.
  
• Term up to 12 months
  
• Broker’s commission is paid on the day of drawdown
  

For an online bridging loan application click here This will tell you how much we may lend and what the costs are.

An early repayment charge is payable if the bridging Loan is repaid within the first 3 months

Your home may be repossessed if you do not keep up repayments on your mortgage.

United Trust Bank only provides its own mortgages. We will not give you advice or make a recommendation.