Commercial News

UTB launches dual legal representation for bridging

Rozi Jones -
|
18th June 2019
Mike Walters UTB
"I’m sure many bridging customers will benefit from dual representation in future, especially now this facility is available via all introducers to UTB."

United Trust Bank has launched dual legal representation for bridging loans following a pilot phase.

Dual legal representation is common in mortgage conveyances and can facilitate transactions being paid out much more quickly as well as delivering significant cost savings for the borrower.

Michael Walters, head of mortgage and bridging sales at United Trust Bank, commented: “Dual legal representation provides a significant cost and speed benefit to bridging customers, and service improvements like this are important for growing the bridging market. I’m sure many bridging customers will benefit from dual representation in future, especially now this facility is available via all introducers to UTB.

“We are continuously looking for ways to enhance and improve UTB’s bridging offering both in terms of products and service and enjoy working with likeminded partners in developing these kinds of enhancements. We look forward to implementing further innovations in the future.”

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