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UTB launches 75% LTV lending on commercial and mixed-use

United Trust Bank (UTB) has started offering up to 75% loan-to-value (LTV) on commercial and mixed-use properties, supported by the Recovery Loan Scheme (RLS).


Facilities of up to £10m are available via the bank’s structured property finance division for qualifying borrowers on commercial bridging or commercial investment loans.

The facilities, offered in partnership with the government working through British Business Bank, can be used by businesses adversely impacted by COVID-19 for any purpose, including business investment and working capital.

The scheme aims to improve the loan terms on offer to businesses able to afford more debt and can be issued to borrowers who already have CBILS, CLBILS or BBLS facilities in place.

The Recovery Loan Scheme will run until 31 December 2021, subject to review.

Gerard Morgan Jackson (pictured), head of structured finance at UTB, said: “The UK property market remains buoyant and property developers and investors are continuing to seek funding to take advantage of potential opportunities as we emerge from the COVID-19 pandemic.

“At UTB we understand the challenges these businesses face and what support they need to make their plans happen.

“We are keen to hear from property developers and investors looking to build a long term relationship with a specialist lender who has the appetite and ability to help their business recover and grow.”

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