New enhancements to help you write more business
We’ve announced a raft of rate reductions and significant product and criteria enhancements to help you place more business with UTB, simplify and accelerate the application process and save your customers time and money on eligible deals. For example:
We’ve reduced interest rates by as much as 15bps on unregulated Second charge bridging loans. For loans up to 70% LTV, rates have reduced to 0.95% per month, and for loans up to 60% LTV rates have reduced to 0.90% per month.
- Other rate changes apply. Please see our new product guides for details.
- Larger regulated and unregulated loans of £1.5m to £5m are now available up to 75% LTV at 0.75% per month and up to 70% LTV at 0.70% per month.
- We’re keen to do more re-bridging cases and have increased the maximum LTV to 70% on re-bridges and up to 75% on closed bridge cases.
- We’ve seen greater demand for light refurbishment loans and have increased our maximum LTV to 75% with more flexible criteria.
- We’ll now accept AVMs on eligible properties up to 75% LTV, including light refurbishment cases where the total borrowing will not exceed 75% of the initial value.
With our highly experienced team on hand, we will do all we can to help your customers obtain the competitive finance they need to seize opportunities and achieve their goals.
You can find more information in UTB’s Bridging Product Guides HERE