United Trust Bank is a specialist lender offering property, asset, bridging loans, and tailor-made finance for short and medium term periods. Founded in 1955 and based in London, United Trust Bank won Best Secured Loan Provider at the Moneyfacts Awards 2019. There are no UK branches, all applications are completed online or through a broker. As well as lending products, United Trust Bank also provides savings options for businesses.
United Trust Bank Business Finance
Hire purchase and finance leases are available for a range of vehicles and equipment, including construction equipment, classic cars, media equipment, and much more. Most asset finance agreements from United Trust Bank are for £10,000 to £750,000, and repayment terms range from 1 to 5 years. Deposits vary depending on the asset and the agreement.
Bridging loans to ‘bridge the gap’ between purchase and sale, or receiving the funds for an urgent project. Loans are available from £75,000 to £15 million. Interest is calculated daily and there are fees to consider. Both residential and mixed use property can be used as security.
Property development lending facilities range from £750,000 to to £30 million (up to 60% of GDV). Businesses can raise development finance for residential, commercial, and mixed use developments, as well as conversions and refurbishment projects.
This is an unregulated loan of £500,000 and up. It can be secured on a range of property types, as well as land and mixed property portfolios. Terms are up to 36 months and there will be valuation and legal fees to consider.
A secured loan that can be used for home improvements, tuition fees, expanding a property portfolio, buying a car, and more.
United Trust Bank Reviews and Ratings
There are online reviews for United Trust Bank on Google only. Most customers are positive when they give star ratings, but many haven’t left a written comment.
United Trust Bank won a few awards in 2019, including Development Lender of the Year at the Specialist Finance Introducer Awards, Best Secured Loan Provider at the Moneyfacts Awards, and Specialist Bank of the Year & Editor’s Choice Award 2019 at the Bridging and Commercial Awards.
Trustpilot – no reviews
Google Reviews – 4.4/5 (11 reviews)
Reviews.co.uk – no reviews
Smart Money People – no reviews
- Range of finance options for assets and property.
- Good reviews on Google.
- Predominantly high level finance. Most products won’t work for smaller businesses looking to raise smaller sums.
- Some options are unregulated. Always check the small print.
Website: United Trust Bank