United Trust Bank has announced an important product update. Click here for the latest Master Broker/Packager/Distributors product guides. Or here for the updated product guides for Direct/Networks/Club. If you have any new applications you wish to discuss, please Contact us for more information.
ANNOUNCEMENTS
BTL Rates Reduced by up to 2.34% and Mortgage Product Update
We are updating our BTL and Residential product ranges on Tuesday 10 October. Second Charge Loan products are unaffected.
Current interest rates will be honoured for all pipeline cases, regardless of current application stage, provided a Mortgage Offer is issued on or before 10 November. Applications which have not been offered by this date, will need to be re-sold onto the prevailing rates.
BTL
The BTL Product range has been updated as follows:
- All flat types now classed as Standard giving an up to 2.35% rate reduction
- All HMO’s & MUB’s now classed as Specialist, giving an up to 1.45% rate reduction
- Entire product range simplified:
- Standard – Single dwelling houses and flats
- Specialist – All HMO’s and MUB’s up to 10 rooms/units
- Non-Standard – Holiday Lets
- Gross commission updated to 0.50% Direct and 0.90% for Packagers
Residential Mortgages
Purchase, Remortgage and Unencumbered products have been updated as follows:
- Withdrawal of 85% LTV plans
- Withdrawal of 1-Status plans
You can download our latest Residential and BTL product guides below, and all sourcing systems will be updated in due course: