The bank now offers regulated bridging loans from 0.77% per month and unregulated bridging loans from 0.79%.
UTB’s regulated and unregulated products offer free AVMs on applications of up to 65% LTV and its fast-track service for qualifying loans of up to £1m net.
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Sundeep Patel, director of bridging at UTB, said: “I am delighted to announce these new lower interest rates for our regulated and unregulated bridging ranges, supporting brokers and their customers in challenging market conditions.
“We are continuing to see strong demand from customers wishing to fulfill ambitions for their own homes and from experienced and novice property developer/investors actively seeking opportunities to acquire properties with potential to refurbish and sell on or let out.”
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