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United Trust Bank (UTB) has hired Sundeep Patel as director of bridging, with a mandate to grow the bank’s short-term lending business. Patel is currently on gardening leave and will take up his new role later this year in November. Most recently, he served as director of sales and member of the commercial executive
United Trust Bank has improved its heavy refurbishment bridging product range and brought together its non-regulated team to streamline applications. Rates on the heavy refurbishment range start at 0.59% with a max LTV of 75% for experienced property developers and 0.74% up to 70% LTV for inexperienced borrowers.
United Trust Bank is bolstering its presence in the non-regulated bridging loan market with a range of new developments. The company has announced a raft of enhancements to its Fast Track and Hometrack Automated Valuation Model (AVM) services to broaden opportunities for brokers who engage with professional property