United Trust Bank is a long established specialist lender that was founded in 1955 in London. They specialise in providing savings and deposits, asset finance, development finance, domestic mortgages, structured property finance and bridging finance. United Trust Bank doesn’t have branches and they operate either online or through brokers.
United Trust Bank Commercial Mortgage Options
United Trust Bank offers a range of property finance products suitable for businesses that include:
Property Development
- Borrow from £1 million to £30 million
- Maximum loan to GDV of 65%
- Suitable for acquisition, construction and sales period funding
- Designed for housebuilders and developers
- Available across England and Wales
Housing Accelerator Fund
- Provided in partnership with Homes England
- Borrow from £1 million to £10 million
- Maximum loan to GDV of 70%
- Supports small and medium-sized housebuilders and developers
- Available in England only
Development Exit Funding
- Borrow from £1 million to £30 million
- Maximum loan to GDV of 75%
- Caters for residential and residential-led mixed-use properties
- Available in England and Wales
Bridging Finance
- Borrow from £125,000 to £15 million
- Terms up to 12 months regulated or 36 months unregulated
- Maximum LTV of 75%
- Minimum property value of £150,000
- Security required against a property in England, Wales or Scotland
- No early repayment charges
- No monthly repayments required
- Fast track process available for certain applications
- Suitable for light and heavy refurbishment projects
- Can be used for residential, HMO, mixed-use, land with planning and commercial property is considered
United Trust Bank Commercial Mortgage Eligibility
United Trust Bank doesn’t state what its eligibility criteria is for its property finance products.
United Trust Bank Commercial Mortgage Rates
United Trust Bank doesn’t disclose the rates for its property finance products. Valuation fee, arrangement fee, application fee and other fees may also apply.
United Trust Bank Commercial Mortgage Calculator
United Trust Bank doesn’t have a commercial mortgage or property finance calculator.
United Trust Bank Commercial Mortgage Reviews
There are a small number of reviews available for United Trust Bank on the leading customer reviews sites which are consistently averagely rated. The reviews are from personal customers, business customers and brokers which reflect differently in the type of feedback.
Trustpilot has a small number of reviews with 67% of reviewers rating them as excellent. Google Reviews has the largest number, but this is still only 32. Smart Money People only has 4 reviews which are all for their personal savings account.
Positive comments included quick and efficient service, friendly and knowledgeable staff, accommodating and adaptable during Covid, and positive customer experiences. Negative comments included lack of empathy, lack of response from web enquiries, delays in processing applications and difficulties cancelling products.
Trustpilot – 3.4/5 (based on 15 reviews)
Google Reviews – 3.3/5 (based on 32 reviews)
Reviews.co.uk – no reviews
Review Centre – no reviews
Smart Money People – 3.5/5 (based on 4 reviews)
How To Apply For A United Trust Bank Commercial Mortgage?
If you want to apply for property finance from United Trust Bank you can complete their online form or call them on 0207 190 5555.
Pros
- Offers a range of property finance products to housebuilders and developers
- Experienced and supportive lender
- Received fairly positive customer reviews
Cons
- Doesn’t offer commercial mortgages for businesses
- No eligibility criteria or rate information is available
Website: United Trust Bank Property Finance