United Trust Bank unveils reduced bridging loan rates

Bridging and development finance specialist, United Trust Bank (UTB) has today (19th July) unveiled new rates across its entire bridging product range.


The bank believes that the new rates supported by their award-winning service proposition will appeal to intermediaries with both unregulated and FSA regulated loans available from 0.85%.


Highlights in the revised pricing include a rate of just 0.85% per month for 1st charge residential bridging loans up to 50% LTV, which will deliver widespread benefit as a significant proportion of bridging loans fall below this loan to value.


Additionally, changes have been made to lending criteria with second charge loan to values boosted to 65% in addition to reduced rates.


UTB is committed to rate transparency by offering rates that apply to all cases that meet its criteria. By having actual, as opposed to “from” rates, intermediaries can accurately present the true costs to their clients.


United Trust Bank loan rates as of 19th July 2011.


  FSA Regulated

Residential 1st Charge

Non-Regulated Residential

1st charge

Residential 2nd Charge Bridging Semi Commercial

1st Charge

Max LTV 70% 70% 65% 50%
Max LTP 85% 85% N/a 50%
Min Loan £100k £100k £100k £100k
Max Loan £5m £5m £5m £5m
Min Property Value £150k £150k £200k £150k
Up to 50% 0.85% 0.85% 1.20% 1.40%
Up to 60% 0.95% 0.95% 1.30% N/a
Up to 65% 1.15% 1.15% 1.35% N/a
Up to 70% 1.15% 1.15% 1.40% N/a



Alan Margolis, head of bridging at United Trust Bank said;


“We are delighted to bring these new rates to the market and believe that it demonstrates our continuing commitment to intermediaries and their clients. The bridging market is highly competitive and so we have improved our pricing and LTVs for our regulated and non-regulated products.


”We already offer market leading rates for FSA regulated business so an additional rate reduction further enhances our role in this marketplace and our rate reduction for non-regulated loans shows our intention to increase this area of our business.”



Alun Winter of Intelligent Loans said:

“These new rates and LTV’s show how increasingly competitive the bridging market has become. United Trust Bank continues to demonstrate its strong appetite to lend with these rates and offers criteria that is clear to its introducers.”