United Trust Bank (UTB) Bridging has reduced pricing across several products in every LTV band up to 75% in its regulated and non-regulated bridging loan ranges by up to 0.16% pm and simplified its Near Prime product pricing. The new lower rates are available with immediate effect.
UTB Bridging Pricing Highlights
- Regulated Core, Re-bridging and Light Refurb rates from 0.57% pm
- Regulated Second Charge rates from 0.69% pm
- Non-Regulated Core, Re-bridging and Light & Medium Refurb rates from 0.60% pm
- Non-Regulated Second Charge rates from 0.75% pm
- Heavy Refurb rates from 0.66% pm
UTB has priced its Near Prime Core, Re-bridging and Light & Medium ranges at just 0.20% pm above its standard pricing for both regulated and non-regulated bridging. The move is designed to simplify pricing and give brokers an even greater choice for placing a wider range of cases competitively.
Gene Clohessy, Director –BTL & Bridging at United Trust Bank, commented: “By making these latest significant rate reductions and simplifying our pricing we're giving brokers greater choice and opportunity to secure competitive pricing for their customers whatever their requirements.
“Brokers also want lenders who understand the complexities of bridging, make sensible decisions and deliver when it matters. That's why we keep refining our proposition, responding to feedback and finding practical ways to make placing business with UTB quicker, easier and even more competitive.”
