United Trust Bank (UTB) has announced an increase in the maximum loan-to-value (LTV) ratio for its first charge Standard bridging loans, raising it from 70% to 75%.
This change is effective immediately and applies to both regulated and unregulated standard bridging products offered by the bank.
However, the maximum LTV for Light and Heavy Refurbishment bridging loans, as well as for second charge bridging loans, remains unchanged at 70%.
As a specialist lender, UTB offers competitive bridging loan rates starting from as low as 0.77% per month.
This adjustment in the LTV ratio is part of the bank’s ongoing effort to provide flexible financing solutions in the bridging loan market.
Sundeep Patel, director of bridging at United Trust Bank, commented on this development: “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.”
