Until now the lender only accepted applications where the security cases in England and Wales.
United Trust Bank has extended its bridging offering into Scotland.
Until now, the bank’s bridging products were only available if the security property was in England or Wales.
Paul Mansell, business development manager at United Trust Bank, said:“I’ve been working with several great brokers in Scotland and it’s clear there’s a growing demand for bridging finance.
“I’m delighted that I’ll now be able to offer UTB’s competitive products and outstanding service to brokers with requirements in Scotland.
“I’m looking forward to helping my existing broker contacts develop their bridging business as well as meeting new contacts throughout 2020.”
Alistair Ewing, managing director at The Lending Channel, added:“We’ve enjoyed an excellent working relationship with UTB for a number of years and we were delighted when they decided to launch their short-term finance proposition in Scotland.
“We were even more chuffed to successfully complete their very first bridging loan in Scotland.
“Like their other lending products, they made the whole process very easy from start to finish and I look forward to writing more business with UTB in the future.”
Mike Walters, head of sales - mortgages and bridging, United Trust Bank, said: “We’re continually enhancing and improving UTB’s property finance offering and I’m excited that we can now provide bridging for Scottish properties.
“We see huge potential to develop the bridging market in Scotland as we have done across many other parts of Great Britain over the last few years with considerable success.”
