…and are looking for more deals well above that too!
Nick Warren and Kira Stein are UTB’s Bridging ‘Power Team’ serving brokers and customers across London and the South-East. As you would expect from a team covering an area containing some of the world’s most prime real estate, they’re accustomed to dealing with sizeable transactions on some very desirable properties.
In this latest video from the UTB Bridging team, Nick and Kira talk about the Bank’s appetite for larger bridging loans, and how working closely with underwriting colleagues, brokers, valuers and lawyers is the key to successful large loan completions. You’ll also find out what features really impressed Nick when he visited a £22m home securing a £9m UTB bridging loan.
UTB larger bridging loans
- UTB has specific pricing for larger bridging loans between £1.5m and £5m
- Loans up to 70% LTV
- Daily interest after first month
- No ERCs
- Maximum 24-month loan term
- Loans above £5m considered on referral
| You can find out more about UTB’s bridging products and criteria in our product guides HERE. |