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United Trust Bank

Mortgage Type

Bridging Lenders

Property Value (min)

£166,666 for single securities. £100,000 for multiple securities

Advance (min)

£125,000

Advance (max)

£15,000,000 to max LTV - above by exception only.
65% LTV for standard and light refurbishment Bridging

Term (Max)

Regulated: up to 12 months Unregulated: up to 36 months

Maximum Age

No upper age limit. 85 years old

Family Cash Gift Deposit

Yes, considered.

Family Gift of Equity Deposit

Yes, considered.

Income (min)

Must be able to afford either monthly payment or have a suitable repayment vehicle in place.

Restrictions

- 65% LTV for standard and light refurbishment Bridging
- Interest is not deducted from the initial advance
- Interest and works costs are rolled up into the facility up to a maximum facility of 60% of Gross Development Value (GDV)
- Term of up to 18 months
- The maximum facility of £1,500,000
- If sale is the exit then no income require. (Unless back up exit will be refinance then income will be needed)
- Residential property considered on OMV
- Dual Rep on Regulated cases and AVM’s


Funded Works Improvement Loan
- Provides the borrower with up to 100% of the improvement works
- Maximum improvement costs of £500,000 or 50% of initial market value, whichever is lower
- Interest charged at 0.75% per month and will be added to the loan

Unfunded Works Improvement Loan
- Provides an initial LTV of 60% plus interest roll-up and the borrower funds the work themselves
- Interest charged at 0.75% per month and will be added to the loan

Suitable for:
- Extensions
- Conversions
- Planning
- Permitted development
- Heavy refurb
- Structural

Ex-Local Authority Properties

Yes, both flats and houses.

Permanent rights to reside and remain

Yes, required.

Ex-Patriates

Yes, including Foreign nationals.

New Builds

Yes, will consider new build properties

Credit Score

No, credit check

Valuation Fees

Paid directly to the lender at the lender fee scales. AVMs can be used for loans: Up to £1m Max 55% LTV Max £1m property value per security

Condition

- FCA Regulated and Non Regulated transactions
- Owner-occupied residential.
- Residential investment property
- Semi commercial
- Non-working farms
- Property portfolios
- Commercial property
- HMOs
- Ex local authority
- Land with planning
- Grade II listed
- Remote/rural residential
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