United Trust Bank (UTB) has increased the maximum LTV available on its standard and light refurbishment bridging loans to 65%.
It offers loans from £125,000 to £15m, with a minimum property value of £150,000, or £100,000 for multiple securities.
Mike Walters (pictured), sales director – property intermediaries, United Trust Bank, said: “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.”