UTB Bridging cuts rates and simplifies Near Prime pricing – Mortgage Strategy
United Trust Bank (UTB) Bridging has reduced pricing across several products in every LTV band up to 75% in its regulated and non-regulated bridging loan ranges by up to 0.16% pm and simplified its Near Prime product pricing. The new lower rates are available with immediate effect.
UTB Bridging pricing highlights include:
Regulated Core, Re-bridging and Light Refurb rates from 0.57% per month;
Regulated Second Charge rates from 0.69% per month; Non-Regulated Core, Re-bridging and Light & Medium Refurb rates from 0.60% per month;
Non-Regulated Second Charge rates from 0.75% per month; and Heavy Refurb rates from 0.66% per month.
UTB has priced its Near Prime Core, Re-bridging and Light & Medium ranges at just 0.20% per month above its standard pricing for both regulated and non-regulated bridging.
Commenting on the changes UTB director BTL & Gene Clohessy said: “By making these latest significant rate reductions and simplifying our pricing we’re giving brokers greater choice and opportunity to secure competitive pricing for their customers whatever their requirements.”
