News and media

United Trust Bank (UTB) is funding a £5m residential led mixed use development through its innovative Housing Accelerator Fund, a public private finance partnership launched by Homes England and UTB earlier this year to improve financial support for the building activities of small and medium sized housebuilders and developers. The scheme comprises 13 new apartments…

United Trust Bank (UTB) is funding a £6.7m development of 25 new family homes in a rural Cumbrian village. The scheme is being undertaken by experienced and successful regional housebuilder in a joint venture (JV) with the Housing Growth Partnership (HGP). UTB was approached by the borrowers after the original funders withdrew their offer following…

United Trust Bank (UTB) is providing the senior funding for an £11.5m development in a desirable West London location providing 30 new apartments over six storeys. The scheme is being constructed by a long established and successful house builder which UTB has been interested in working with for some time. The borrower and the Bank…

United Trust Bank (UTB) has agreed to fund a Senior Living development in the East of England. The development of 99 independent living (retirement) apartments comprises 37 affordable rented and 62 apartments for sale, with options for shared ownership, and a central community ‘hub’. The finished property will provide communal facilities including a bistro/dining area,…

United Trust Bank is providing the funding for phase 2 of the redevelopment of a site featuring a prominent Grade II listed building having successfully funded phase 1. The Bank has supported the growth of the Borrower by funding increasingly larger schemes across multiple sites in recent years. The landmark building occupies an elevated position…

67% of property finance brokers responding to United Trust Bank’s most recent Broker Sentiment Poll, believe that regulations surrounding Permitted Development Rights (PDR) should be reviewed to prevent unsuitable developments.…

UTB’s Development Finance division was approached by a newly formed SPV looking for funding to acquire and develop a former bus depot site in a popular coastal town. Although a new client to the Bank, the parent company of the SPV had a strong track record of delivering successful developments including playing a significant role…

United Trust Bank’s Development Finance division was approached to fund the acquisition and conversion of a redundant city center office block under permitted development rights. The building was being disposed of as part of a large-scale relocation by the former owner occupiers, the local council, and UTB together with their funding partners worked collaboratively to…

Nearly two thirds (63%) of property finance brokers believe that plans to tackle the housing shortage have been set back by the Brexit process with 16% believing plans have been…

Development finance facilities were made available to a long-standing customer to fund an office to residential conversion of two separate buildings. Together they would create 74 apartments and 18 new airspace / rooftop units. With works nearing completion and sales underway, the borrower identified two further opportunities of interest close to the current sites. Following…