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UTB Bridging completes £1.2m loan for Berkhamsted property renovation - The Intermediary - Latest UK mortgage news

Summary by theintermediary.co.uk
United Trust Bank (UTB) Bridging has completed a £1.2m heavy refurbishment loan for a property in Berkhamsted, Hertfordshire. The facility included an initial loan of £760,000 with three additional tranches totalling £250,000 for refurbishment.  The borrower, a construction company, bought the property at below market value after a previous deal fell through, negotiating directly with the vendor for a quick sale. The loan will enable the borrowe…
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UTB Bridging completes £1.2m loan for Berkhamsted property renovation - The Intermediary - Latest UK mortgage news

United Trust Bank (UTB) Bridging has completed a £1.2m heavy refurbishment loan for a property in Berkhamsted, Hertfordshire. The facility included an initial loan of £760,000 with three additional tranches totalling £250,000 for refurbishment.  The borrower, a construction company, bought the property at below market value after a previous deal fell through, negotiating directly with the vendor for a quick sale. The loan will enable the borrowe…

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theintermediary.co.uk broke the news in on Thursday, February 27, 2025.
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