United Trust Bank has increased the maximum LTV available on its standard and light refurbishment bridging loans to 65 per cent.

UTB’s offers bridging loans from £125k to £15m, with rates from 0.48 per cent.

AVMs are available on loans up to £1m, max 55 per cent LTV and max £1m property value.

UTB sales director – property intermediaries Mike Walters says:  “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. 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.”