"Brokers are telling us that their customers are looking for higher LTV bridging loans to help them seize opportunities and achieve their goals"
- Sundeep Patel - UTB
United Trust Bank has announced that it has increased its maximum LTV for first-charge Standard bridging loans from 70% to 75% with immediate effect.
According to UTB, the new maximum LTV applies to the Bank’s regulated and unregulated Standard bridging products. No changes have been made to the lender's Light and Heavy Refurbishment bridging loans with LTVs remaining at 70% as with the maximum LTV for second charge bridging loans.
The specialist lender offers bridging loan 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.”
