Bridging Loans with UTB: Expert Solutions with Auction Finance Support Bridging loans are a lifeline for property investors and developers seeking quick and flexible funding solutions. Whether you’re purchasing at auction, financing refurbishments, or bridging a property sale, United Trust Bank (UTB) offers bespoke short-term loans tailored to meet your needs.
At Auction Finance, we simplify the application process, providing expert guidance to help you secure a UTB bridging loan efficiently and with confidence.
Why Choose UTB with Auction Finance?
UTB’s bridging loans are renowned for their speed, flexibility, and tailored lending options. With Auction Finance by your side, the process becomes even smoother, as we:
- Save You Time: By managing the entire application process from start to finish.
- Improve Approval Chances: Ensuring your application meets UTB’s criteria.
- Provide Personalised Guidance: Advising on the best loan structure for your specific project.
Key Features of UTB Bridging Loans
1. Loan Amounts
From £100,000 to £15 million, catering to both small and large-scale projects.
2. Loan Terms
Flexible terms of up to 12 months, offering ample time to complete transactions or secure long-term financing.
3. Loan-to-Value (LTV)
Maximum 75% LTV, enabling you to maximise borrowing potential against your property’s value.
4. Competitive Interest Rates
Starting at 0.65% per month, making UTB one of the most competitive bridging finance providers.
5. Property Types Supported
- Residential Properties: Ideal for buy-to-let, owner-occupied, and refurbishment projects.
- Commercial and Mixed-Use Properties: Suitable for offices, retail spaces, and multi-purpose developments.
6. Flexible Payment Options
- Serviced Interest: Pay monthly to manage costs effectively.
- Rolled Interest: Pay at the end of the loan term to optimise cash flow.
How Auction Finance Supports Your Bridging Loan Application?
Step 1: Initial Consultation
We assess your property finance needs and determine if UTB’s bridging loans align with your goals.
Step 2: Preparing Your Application
Our team ensures all required documents are complete, accurate, and aligned with UTB’s requirements, including:
- Property Details: Type, location, and valuation.
- Financial Information: Proof of deposit and income details.
- Exit Strategy: A clear plan for repaying the loan, such as refinancing or selling the property.
Step 3: Submission and Liaison
We submit your application to UTB and act as a point of contact, managing all communication to ensure a smooth process.
Step 4: Valuation and Legal Process
- Valuation: UTB arranges for a professional valuation to confirm the property’s market value.
- Legal Work: We coordinate with solicitors to finalise the loan agreement promptly.
Step 5: Approval and Funding
Once approved, funds are typically released within days, enabling you to act on your property project without delays.
Example Scenarios for Using UTB Bridging Loans
Auction Purchase
Scenario: A landlord plans to renovate a property into an HMO to increase rental income.
Solution: Auction Finance helps arrange a 12-month UTB bridging loan, allowing the landlord to complete renovations and refinance onto a long-term buy-to-let mortgage.
Refurbishment Project
Scenario: A landlord plans to renovate a property into an HMO to increase rental income.
Solution: Auction Finance helps arrange a 12-month UTB bridging loan, allowing the landlord to complete renovations and refinance onto a long-term buy-to-let mortgage.
3. Bridging a Property Sale
Scenario: A homeowner is purchasing a new property but waiting for their current home to sell.
Solution: Auction Finance secures a bridging loan with UTB to cover the purchase until the sale of the existing property is completed.
Why Choose Auction Finance?
Expert Knowledge: Our extensive experience in bridging finance ensures your application meets UTB’s criteria and stands out.
Tailored Advice: We provide personalised recommendations to structure your loan effectively, aligning with your project’s needs.
Transparent Process: We keep you informed at every stage, ensuring no surprises or confusion.
Faster Approvals: Our partnership with UTB facilitates quicker decision-making and funding.
FAQs
Ans: UTB provides bridging loans for residential, commercial, and mixed-use properties, as well as refurbishment projects.
Ans: UTB typically releases funds within days of approval, ensuring timely access to capital.
Ans: An exit strategy is a plan for repaying the loan, such as refinancing onto a long-term mortgage or selling the property.
Ans: Yes, UTB allows early repayment without penalties, helping you save on interest costs.
Ans: Fees for valuation, arrangement, and legal services apply. Auction Finance provides a full breakdown during the application process.
