UTB said it has seen a significant increase in enquiries since launching new interest rates across its bridging range.
The bank launched the new lower rates together with product improvements to the intermediary market last month, with both unregulated and FSA regulated loans available from 0.85% per month.
Alan Margolis, head of bridging at United Trust Bank said: “We are very pleased with the positive response from intermediaries to the recent interest rate reductions. This is a highly competitive market and we remain committed to delivering our award-winning service excellence.
Rob Jupp of Brightstar Financial said: “United Trust Bank’s new rates stand out in a competitive market. As an introducer, I know the interest rates quoted will be offered, giving me the reassurance that the product I recommend to my client will be made available.”