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Featured - Account Types
What type of savings account do you need?Find out about the different types of savings accounts available to suit a variety of needs.
Savings
ISAs
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Specialist mortgages
Featured - Debt and your credit score
How debt impacts your credit scoreA healthy credit score has its benefits, so make sure you manage your debt correctly.
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Life InsuranceFor peace of mind that your loved ones will be supported financially after you die, consider taking our life insurance. Find out more and compare policies.
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Featured - High interest current accounts
Find current accounts offering in-credit interest rates up to 5.00% AER.
Current accounts
Featured - Purchase Cards
Best purchase credit cardsExplore the best cards with a 0% introductory period.
Credit cards
Credit repair
Calculators & guides
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Business products
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How much can I give as a cash gift?
How much can I give as a cash gift?Will your loved one's gift be tax affected?
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United Trust Bank (UTB) has introduced a range of enhancements to its bridging products that are designed to reduce costs for borrowers and increase the speed and simplicity of the applications.
After a successful pilot phase, the bank has made the following changes to its bridging products:
Gavin Diamond, commercial director – bridging, said: “These are significant enhancements to our bridging products and service offering that we hope will keep UTB very much at the top of brokers’ consideration lists when placing regulated and unregulated bridging loans. Our BDMs are talking to brokers up and down the country, finding out what would enable them to build their businesses and meet borrowers’ needs. Such feedback is invaluable in helping us to continually improve and refine what we do as we ensure our specialist short-term loans continue to meet the changing needs of brokers and borrowers.
“The first half of 2019 has been very busy at United Trust Bank, with considerable demand for short-term property finance. With these enhancements to our bridging offering, we look forward to speaking to even more brokers and serving more borrowers in the future.”
The advantage of choosing a bridging loan over a commercial mortgage is that it has a far quicker application process however, unlike a commercial mortgage, it is designed as a short-term loan only and often borrowers will need to have repaid the loan within 12 months. Borrowers should also be aware that the repossession process for a bridging loan can be much quicker than repossession on a regular commercial mortgage. Our guide on commercial bridging loans provides more information to help borrowers decide which is the best option for them.
Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. Moneyfactscompare.co.uk will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.
Competition is currently fierce between short term business fixed rate bond providers - making this a great time for businesses looking to invest funds
Competition is currently fierce between short term business fixed rate bond providers - making this a great time for businesses looking to invest funds
Hope Capital has recently launched a new bridging loan called ‘Hope Seven 5’. The new product is available on a first charge basis up to 75% loan-to-value (LTV) for residential properties up to £750,000.
Hope Capital has recently launched a new bridging loan called ‘Hope Seven 5’. The new product is available on a first charge basis up to 75% loan-to-value (LTV)
Competition is currently fierce between short term business fixed rate bond providers - making this a great time for businesses looking to invest funds
Competition is currently fierce between short term business fixed rate bond providers - making this a great time for businesses looking to invest funds
Hope Capital has recently launched a new bridging loan called ‘Hope Seven 5’. The new product is available on a first charge basis up to 75% loan-to-value (LTV) for residential properties up to £750,000.
Hope Capital has recently launched a new bridging loan called ‘Hope Seven 5’. The new product is available on a first charge basis up to 75% loan-to-value (LTV)
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Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.