Bank says it is committed to helping brokers secure the funding their clients need
United Trust Bank (UTB) has increased its maximum LTV for first charge Standard bridging loans from 70% to 75% with immediate effect.
The new maximum LTV applies to the Bank’s regulated and unregulated Standard bridging products. The maximum LTV for Light and Heavy Refurbishment bridging loans remains 70% as does the maximum LTV for second charge bridging loans.
The specialist lender offers bridging loans rates from as little as 0.77% p.m.
Sundeep Patel, Director of Bridging, United Trust Bank said: “We are committed to supporting our brokers and helping them to secure the funding their clients need. Brokers are telling us that their customers are looking for higher LTV bridging loans to help them seize opportunities and achieve their goals.
“With the outlook for the economy becoming increasingly brighter, we’re delighted to show our growing confidence by offering up to 75% LTV bridging loans on suitable deals.”
