United Bank London

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• Property finance
• Residential development
• Planning gain
• Property trading
• Commercial development

The details

Minimum commitment	£100,000
Usual commitment period	1 year
Maximum debt CTV	70% of value
Minimum interest cover	Rental income ERV to be at least 133% of interest payable
Security to include	First charge on property Floating charge (corporate borrowers) Personal Guarantee(s). Life cover, where appropriate

 

• Case studies

• Continued assistance to enable letting and refinance
• Full and flexible funding
• Flexibility and assistance to allow customer time to let and refinance
• Speedy commitment to established developer customer
• Full funding following planning success
• Funding for new development secured against completed project
• Bridging with imagination
• Land deal knowledge allows maintenance of bridge beyond normal term
• Bridging Planning Gain Facility
• High level of commitment
• Speedy commitment to meet new customer timetable
• Going, going, gone
• Chain crash averted
• Swifter progress
• Full site plus VAT loan
• Full and flexible funding
• 100% of costs refunded

United Bank London subscribes to the Banking Code and the Business Banking Code.

We are also a member of the Financial Services Compensation Scheme (FSCS) and are covered by the Ombudsman Service.