United Trust Bank

United Trust Bank – #HomeofBridging

United Trust Bank (UTB) is a multi-award winning specialist bank which has been providing dependable property finance solutions since 1955.

The Bank created its Bridging Finance division in 2010 and since then has established a reputation for providing fast, flexible and reliable regulated and unregulated bridging solutions for a wide variety of customers and even wider variety of uses.

Why choose UTB for bridging finance?

Our aim is to build strong, long-term relationships with brokers and help them to achieve the best outcomes for their customers, always doing our best to meet their requirements for speed, cost and flexibility.  Our knowledgeable people are accessible and approachable and appreciate that certainty and trust are two of the most important qualities brokers look for in a lending partner.

Dedicated regulated and unregulated underwriting

In 2023 we created two distinct underwriting teams, one dedicated to managing regulated bridging applications and the other to expedite unregulated applications which can often benefit from a more streamlined underwriting approach.

Our underwriters and case managers possess the appropriate knowledge and skills to ensure each case is progressed as quickly and efficiently as possible and we employ innovative technology and processes to automate and accelerate simple or repetitive tasks, giving our people more time to add value in ways only a human can.

Fast Track

Talking of quick, our streamlined Fast Track bridging service is perfect for more straightforward proposals, using automated valuation models (AVMs) when appropriate and options such as dual legal representation and app based biometric ID verification all contributing to an accelerated turnaround and completion. For those cases which require a more hands on approach, we are equally adept at managing every step of a more complex case, working closely with the broker and/or customer to gather all appropriate information, documentation and valuation/s required to provide a quick decision and completion.

What can our Bridging loans be used for?

UTB’s Bridging finance can be used for a wide variety of purposes including regulated bridging loans for chain breaking, downsizing and auction purchases where the property is to be the buyer’s own residence. Our unregulated loans are often used for the purchase and/or refurbishment of properties for investment, Buy to Let or flipping. We also refinance individual residential and mixed-use properties as well as complete portfolios for individuals, businesses, charities and trusts, including off-shore entities. These are just a few examples. There’s very little UTB hasn’t dealt with before!

Professional associations

We are proud to be founding members of the Association of Short Term Lenders (ASTL), patrons of the National Association of Commercial Finance Brokers (NACFB) and members of the Financial Intermediary & Broker Association (FIBA) Lender Committee.

Key features of UTB Bridging Loans

• Loans available from £100k to £15m at up to 75% LTV
• Security properties located in England, Wales and mainland Scotland
• FCA regulated and unregulated loans
• Loan term up to 12 months (regulated) & 36 months (unregulated)
• First, second and combination charges
• No maximum age limit
• No early repayment charges
• Interest calculated daily
• No monthly repayments required
• Dual legal representation available
• Automated valuations used where applicable
• Light and Heavy refurbishment projects
• Fast Track process available for qualifying applications

You can find example case studies of loans we have completed on our website HERE

Contact details: bridging@utbank.co.uk