Specialist lender United Trust Bank (UTB) has lowered rates across its unregulated and regulated bridging ranges.
The lender said that regulated bridging rates start from 0.64% per month, while unregulated bridging rates begin from 0.72% per month.
The new interest rates are available with immediate effect, with the firm adding that the 0.64% rate is available for larger regulated loans of £1.5m-5m and 0.65% for regulated loans of £200,000-plus.
In the bank’s unregulated range, pricing starts from 0.72% for larger loans of £1.5m-5m and 0.75% per month for light refurbishment loans of £100,000-plus.
The lowest rates are in place for loans below 50% loan to value (LTV) and UTB will look at bridging loans above £5m on a referral basis.
Sundeep Patel (pictured), director of bridging at UTB, said: “We are delighted to continue to support the growing market with competitive products for small and large loans. The market feels more stable and positive with consumer confidence returning.
“Our products still benefit from our fast-track process for applicable cases and brokers can also benefit from our online portal when making case submissions and creating DIPs.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
