United Trust Bank (UTB) is an entrepreneurial Bank, where the executives have committed their own money and reputation to the Bank’s success. It is firmly established and growing strongly and profitably with the majority of its business financing residential development throughout the UK.
Bridging finance has been successfully provided by UTB in both the residential and commercial markets for many years. In the last year however UTB has dedicated a focused team of people to increase its share of this expanding sector. Our bridging finance team have been working for many years with the intermediaries and know their requirements and need for commission, efficiency, speed and flexibility.
In addition to our investment in people we have invested in technology to provide the intermediary marketplace with an efficient internet bridging portal. For those mortgage and financial brokers without the means to quickly apply on the net for a loan, issue Initial Disclosure Documents and Key Facts Information, this portal provides everything they need. Importantly it enables intermediaries to track their applications, to monitor progress and predict drawdown dates to their clients, creating goodwill and value. This user friendly system, together with our knowledgeable and specialist staff, provide an outstanding service.
We expect to launch our bridging portal in October but even before its launch, when we expect a significant number of new intermediaries to register and use our services, our bridging team have been increasing our bridging finance assets every month following successful advertising campaigns in the trade press and exhibition presentations.
Our team will again be present at the Mortgage Business Expo at Earls Court on the 16th and 17th of November. Look out for the Star Wars booth and please enter our prize competition. We shall be demonstrating our bridging portal on our stand and I strongly recommend that you visit us to see the benefits to your business of this outstanding software. It provides the capacity to issue all the regulated documents from your office and very importantly and uniquely we believe, it allows you to monitor and manage progress to drawdown and the payment of your fee.
The residential bridging business that we prefer is prime lending. We seek to lend on open bridges to creditworthy borrowers whom we assess can repay us from capital or income which generates a refinance with a long term lender. Consequently or rates are variable and we often lend at less than 1 per cent per month.
We at UTB believe you will see and benefit from our difference which will make your business more efficient and profitable. â–
