United Trust Bank increases funding capacity for better market

Sept. 1, 2013
Sentiment in the residential market appears to be improving and many developers are gearing up to meet a growing demand, says specialist lender United Trust Bank. <br><br>To keep building, most developers need a reliable source of funding, however some lenders have left the sector and there still appears to be little enthusiasm for development finance from the high street banks. <br><br>This has presented an opportunity for specialist lenders to fill at least some of the void. UTB is experiencing a “very busy year,” working with established clients and developers new to the bank. With a higher level of proposals and larger facilities agreed, UTB says that it has committed more money to development projects in the first half of this year than it had throughout the whole of 2012. <br><br>It says that its appetite to lend remains strong; having increased its funding capacity it is “always happy to speak to experienced developers with well thought through projects”. <br><br><a href="http://www.utbank.co.uk">http://www.utbank.co.uk</a>

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