Enhanced Profit After Tax (PAT) criteria for limited company directors
We’ve taken action to make it easier for eligible limited company director clients to be assessed using PAT. Eligibility will now be based on qualifying gross annual income rather than the previous minimum-loan threshold. Who is eligible? Applicants must: Own more than 50% of the company, individually or jointly. Have qualifying gross annual income, including […]
We turned a bridging loan round in 2 days!
Timing is everything in the lending world, with customers looking to move forward quickly when there’s a chain at risk, an auction deadline, or a deal that simply won’t wait. For brokers, that pressure lands on you first, which is why a lender who can turn around decisions fast is the difference between a good […]
Specialist underwriting for complex remortgages
A quick solution doesn’t have to depend on standard circumstances. When solving a complex remortgage puzzle, it helps if your lender makes it easier from the start. At UTB, our specialist underwriters look at the detail behind every complex remortgage application and find a way to make the complicated more straightforward. No problems here. Only […]
More flexibility for your refurbishment cases
We’ve made a number of enhancements across our bridging proposition, opening up more ways to support a wider range of scenarios. Updated refurbishment classifications We’ve updated our refurbishment classifications, giving you greater flexibility when placing bridging cases. Standard bridging Light refurbishment Heavy refurbishment Repair, maintenance and cosmetic works are now permitted. A wider range of […]