Bridging to sunnier skies
In the Autumn of 2016, United Trust Bank’s Bridging Division was approached by a broker helping a couple to purchase a property abroad.
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UTB bridging loan enables completion of a JV development
A brother and sister inherited a large house in Hertfordshire from their parents. Although they had no property development experience they realised that the house had redevelopment potential.
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Bridging Loan funds a development opportunity
United Trust Bank was approached by a company wishing to acquire a substantial, unmodernised detached house situated on a large plot in an affluent area near Sandown racecourse.
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UTB completes £2.4m bridging facility
United Trust Bank recently completed a £2.4m facility secured against 2 prime properties. The case was introduced to Nick Warren at UTB by a longstanding broker contact and involved taking a second charge on the borrowers’ existing home and a first charge on their onward purchase,
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A classic bridge is not so straightforward
What began as a fairly straightforward bridging loan application became somewhat more complicated as underwriting revealed several issues affecting the properties offered as security.
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Banking on a Kent conversion
United Trust Bank’s Bridging division was approached to assist with the purchase of redundant office space above a bank in a period building in Kent and to fund the works for its subsequent conversion into two apartments.
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Probate adds complexity to a downsize
At United Trust Bank, we’re happy to assist with bridging loans spanning the full spectrum from the straightforward to the complex.
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Saving a £480k deposit has an overseas twist
Short term bridging finance can be used in a variety of circumstances including occasions when borrowers need to protect significant monies already committed to property projects.
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