United Trust Bank raises maximum bridging loans to 65 per cent LTV

The lender’s bridging loans are available for borrowing amounts ranging from £125,000 to £15m and the minimum property value must be £150,000 or £100,000 for multiple securities. 

Rates start from 0.48 per cent and automated valuation models can be used on loans of up to £1m, at a maximum LTV of 55 per cent and a maximum property value of £1m. 

Mike Walters (pictured), sales director – property intermediaries at United Trust Bank, said: “Throughout 2020 United Trust Bank released a wide variety of products, criteria and digital enhancements to help property finance intermediaries write more business whilst still navigating the challenges created by the Covid-19 pandemic. 

“As a result, the bank completed record volumes of new bridging business last year and we’re keen to top that achievement in 2021.”  

He added: “This increase to our maximum bridging loan LTV is a clear signal of our confidence in the market, and our desire to support brokers and their customers in securing competitive and reliable funding from an experienced, through-the-cycle lender.”