United Trust Bank is bolstering its presence in the non-regulated bridging loan market with a range of new developments. 

The company has announced a raft of enhancements to its Fast Track and Hometrack Automated Valuation Model (AVM) services to broaden opportunities for brokers who engage with professional property developer and investor clients. 

Now, its Fast Track service covers loan-to-value limits of 65%, up from 60% previously, while loans up to £1m can now be accessed through the service, comprared to £750,000 previously. 

The firm said the latter change should “substantially increase the volume of cases that brokers can now place through Fast Track, which when combined with Hometrack can give brokers an instant pass/fail indication. 

With the Hometrack AVM service, LTVs are increased by the same amount – to 65% from 60% – while the maximum individual property value has been doubled to £2 million from £1 million. 

The maximum size of loan via Hometrack remains at £1m net. 

United Trust Bank said its Fast Track service had a dedicated team and simplified underwriting process designed to accelerate the turnaround times of straightforward regulated and non-regulated bridging applications. 

Owen Bentley, head of bridging sales, said the firm was turning its attention to “growing our share of the non-regulated sector”. 

“Non-regulated loans tend to be bigger and at higher LTVs so these enhancements to Fast Track and Hometrack AVM criteria give brokers greater scope to consider UTB for their professional clients and enjoy the exceptional service we provide, whether through Fast Track or standard application routes,” he said.