United Trust Bank (UTB) has increased the maximum LTV available across its whole range of regulated and non-regulated bridging loans to 70%.
This includes property improvement loans for heavy refurbishment and conversion projects.
Mike Walters, sales director – property intermediaries, United Trust Bank, said: “We remained open for business throughout the pandemic, introducing many product, criteria and digital enhancements to help property finance intermediaries write more business.
“We believe that the time is right to increase our maximum LTV appetite to support the market even further and you can expect to see more positive changes from UTB over the next few months as we respond to the changing environment and increasing confidence.”