United Trust Bank (UTB) has increased the maximum loan to value (LTV) for its bridging loans to 70 per cent.
The increase applies to the lender’s whole range of regulated and non-regulated deals, including those for heavy refurbishment and conversions.
Sales director – property intermediaries Mike Walters (pictured) said: “We remained open for business throughout the pandemic, introducing many product, criteria and digital enhancements to help property finance intermediaries write more business.
“We believe the time is right to increase our maximum LTV appetite to support the market even further and you can expect to see more positive changes from UTB over the next few months as we respond to the changing environment and increasing confidence.”
The lender allows loans between £125,000 and £15m on its bridging ranges.
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