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United Trust Bank logo

United Trust Bank

United, we go further.

BridgingDevelopmentBuy-to-LetFCA regulatedLends on Land

Max LTV

75% (bridging)

Interest from

0.57% pcm

Loan size

£100,000–£15m (bridging)

Term

1–24 months (bridging)

Charges

1st and 2nd

Areas

England, Wales and Scotland

Who they are

United Trust Bank (UTB) is a dynamic and thriving UK specialist bank providing a range of secured funding facilities to individuals, housebuilders, developers, investors, landlords and SMEs. UTB is funded by its award-winning deposits business, and its real-estate finance solutions include regulated and unregulated bridging loans; larger and more complex structured property finance for a diverse variety of real-estate assets and borrowers; full cycle development funding for housebuilders; and residential and BTL mortgages and second charge loans. UTB is committed to supporting brokers and customers, helping them to seize opportunities and navigate uncertainty.

Their ethos

UTB is a dependable and experienced finance partner committed to building strong, long-term relationships and making a positive contribution to customers, brokers and the UK economy. We employ highly motivated and experienced people who understand the industries in which they operate and whose knowledge adds value to transactions and the bank’s relationships with brokers and customers. We understand the important role businesses can play in local communities, society and protecting our planet for future generations. You can find out more about our environmental and social governance policy at www.utbank.co.uk/esg/.

What they specialise in

Regulated and unregulated bridging loans for consumers, property professionals and companies, structured property finance for commercial and residential assets, full cycle development finance solutions for housebuilders and developers, BTL mortgages for individual landlords and limited companies, residential mortgages for homebuying/remortgaging, second charge loans.

Meet the team

Orla Costello

Head of Property Development – Real Estate Finance

ocostello@utbank.co.uk

Liam Lawlor

Head of Sales – Structured Property Solutions, Real Estate Finance

llawlor@utbank.co.uk

Bradley Illman

Head of Sales – Bridging

billman@utbank.co.uk

Caroline Mirakian

Mortgages, BTL & Bridging Proposition & Marketing Director

cmirakian@utbank.co.uk

Contact

One Ropemaker Street, London, EC2Y 9AW

www.utbank.co.uk

hello@utbank.co.uk

Lending criteria

Funding model
Deposit funded
FCA regulated
Yes
Fixed/variable interest
Bridging and BTL are fixed; development is variable
Treatment of interest & default interest
Rolled, retained and serviced; default interest charged at a fixed rate; higher rate capped at 2.5%
Sectors
Residential, HMO, MUB, commercial, mixed-use and residential
Max LTGDV
Bridging: 75%; development and structured: 70%
Max LTC
Development and structured: 90%
Min property value
£100,000 for bridging; £100,000 for BTL; £90,000 for residential
Valuation retypes
Can be considered case by case
Rental calculations & exposure
BTL: ICR calculation of 125%, 130% or 140%, depending on tax band, using the 5-year fixed pay rate or 2-year fixed + 2%; exposure with BTL is max £5m or 20 loans to a single borrower(s) or limited company
Types of valuation accepted
AVMs, drive-by, full, and short and long form
New builds
Yes
Heavy refurb
Yes
Grade listed buildings
Yes
Green/sustainable product
No
Planning permission needed
Yes
Commission rate
Varies by product; please call to discuss
Associations/charters
ASTL, FIBA and NACFB
Types of landlords accepted
Varies by product
Upfront fees
Valuation and legal for bridging and residential
Broker portal
Yes
Early redemption charges
No for bridging; yes for BTL and residential
Investment
Yes
Owner occupied
Yes for bridging and residential; no for BTL and development
Electronic signatures accepted
Yes for certain items
Lending on land
For bridging, will consider land with planning permission; for BTL and residential, will not lend against land alone

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