UTB says that the average time between offer and draw-down has fallen from 57 days to 30 days.

The loan was agreed at 59% LTV on assets valued at £8.65m.

The facility runs for 24 months, providing short-term flexibility for the borrower.

The loan was structured at a 75% LTV, despite the property being vacant at the time of purchase.

The deal was completed at 40% LTV on a 0.35% Stepped Rate for 12 months.

The funding covered a shortfall of over £2.2m, including SDLT, after a family gift was withdrawn.

The auction property was purchased for £100,000, with a 10% deposit at stake.

The Sunderland development covers 9,000 sq ft, with a final GDV exceeding £1.7 million.

The average completion time for bridging loans dropped to 43 days in 2025, matching the fastest turnaround since 2017 and marking the third consecutive annual decline.

The £3.995m loan is backed by assets with a combined market value of £6.7m, reflecting a 60% LTV structure.