You are here: cherry > Press releases for February 2014 > UNITED TRUST BANK - Two thirds of brokers expect housing market upturn to increase demand for bridging lending

27 February 2014

Recent research carried out amongst brokers by United Trust Bank, has revealed that 64% expect the general upturn in the property market to increase demand for short term bridging loans. 33% expected no change and just a very small percentage thought that demand would fall.

The majority of brokers were upbeat about the prospects for their businesses this year with 81% expecting to grow in 2014.

Alan Margolis, Head of Bridging at United Trust Bank commented;

“Brokers’ expectation that demand for short term bridging finance will increase with the general upturn in the property market is supported by our own experience. January is usually a quieter month, but so far this year it’s been exceptionally busy and we’ve issued a record number of Decisions in Principle for the period.

“An active housing market, increased confidence in the economy and a positive business sentiment, combined with our highly competitive bridging interest rates means our short term loans have become ever more appealing and useful in a wide range of circumstances.

“Building on the success of last year where we won the NACFB “Short Term Lender of the Year” award, we expect 2014 to be another very successful year for our Bridging Department as we continue to provide fast and flexible property financing solutions to brokers and their clients.”

ENDS

For further information:
Jason Wyer-Smith – Blaze Communication: 07824 818242

Notes to Editors:

To link to our website please use: http://www.utbank.co.uk/

United Trust Bank

United Trust Bank is a specialist bank providing a wide range of secured funding facilities and deposit accounts for individuals, businesses and charities. We provide quick and flexible funding solutions to brokers and their clients supporting sound property development, bridging and asset finance proposals. United Trust Bank takes an entrepreneurial and pragmatic approach to business and we are driven to understand our customers’ needs, to deliver the highest levels of service and build strong relationships for the long term.

United Trust Bank was incorporated in 1955 and has many decades of lending experience. We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our management team has a long history of working together and we employ a team of highly experienced professionals. Our flat management structure minimises bureaucracy, encourages flexibility and enables quick decision making and innovation. As an entrepreneurial and customer focused organisation, we develop our business so that we may continue to meet the evolving needs of our customers and take advantage of new opportunities.

United Trust Bank has successfully operated in the development finance market for several decades. Whilst other lenders have come and gone United Trust Bank has been a reassuring constant for brokers and developers during turbulent times. Building on our deep knowledge of property and credit, our bridging department has expanded quickly to become one of the most respected teams in the bridging industry, winning several awards for outstanding service. Our asset finance department utilises the expert knowledge of the team to offer finance packages secured against a wide selection of wheeled and tracked assets.
Loan facilities are available for:
• Bridging finance
• Development finance
• Asset finance