United Trust Bank (UTB) has introduced new rates across its bridging product range.
The bridging and development finance specialist says its loans, both unregulated and FSA regulated loans, are now available from 0.85% for first charge residential bridging loans up to 50% LTV.
Changes have also been made to lending criteria with second charge LTVs boosted to 65% in addition to reduced rates.
Alan Margolis, head of bridging at United Trust Bank, said: “We are delighted to bring these new rates to the market and believe that it demonstrates our continuing commitment to intermediaries and their clients. The bridging market is highly competitive and so we have improved our pricing and LTVs for our regulated and non-regulated products.