United Trust Bank (UTB) has introduced a new online portal for intermediaries advising on residential short-term bridging loans.

The portal, which will be online from 1st October, offers intermediaries an online application for bridging loans. Providing key fact illustrations, indicative offers and a swift decision in principle, UTB aims to have funds released within ten working days of application.

Roger Tidyman, managing director of UTB, said that with the bridging loan market growing by an estimated 25% by year, there were considerable opportunities for intermediaries. He commented, “The bridging loan market is fast paced and brokers need quick, reliable decisions and cost-effective solutions so as not to let their customers down or lose them to other intermediaries.”

 

Source : http://www.mortgagesolutions-online.com