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United Trust Bank Increases the Maximum LTV on Bridging Loans to 65%

United Trust Bank Increases the Maximum LTV on Bridging Loans to 65%

United Trust Bank (UTB) has increased the maximum LTV available on its standard and light refurbishment bridging loans to 65% with immediate effect

Key features of UTB’s bridging offering include:

o Max 65% LTV
o Rate card from 0.48% pm <50% LTV
o Loan size from £125k to £15m
o Minimum property value £150k (or £100k for multiple securities)
o AVMs for loans up to £1m, Max 55% LTV and max £1m property value

More details of United Trust Bank’s bridging and light refurbishment loan product can be found HERE

 

Mike Walters, Sales Director – Property Intermediaries, United Trust Bank, commented: “Throughout 2020 United Trust Bank released a wide variety of products, criteria and digital enhancements to help property finance intermediaries write more business whilst still navigating the challenges created by the Covid-19 pandemic.

“As a result, the Bank completed record volumes of new bridging business last year and we’re keen to top that achievement in 2021. This increase to our maximum bridging loan LTV is a clear signal of our confidence in the market, and our desire to support brokers and their customers in securing competitive and reliable funding from an experienced, through-the-cycle lender.”

 



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