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
Second Charge Rates and Product Fees Reduced!
We are reducing Interest Rates and Product Fees on our Second Charge Loan products on Friday 10 November. Residential Mortgage and BTL products are unaffected.
Second Charge Loans:
- 0-Status, 5yr fixed rates with ERC are now up to 70bps lower:
- 7.55% up to 65% LTV
- 8.25% up to 70% LTV
- 8.50% up to 75% LTV
- 9.14% up to 80% LTV
- 12.00% up to 85% LTV
- 0-Status, Product Fees Reduced:
- For loans under £25k, Product Fees have been reduced to £395.
- This change makes UTB materially more competitive on Monthly Payment and Total Cost of Credit for smaller loans.
- In addition 80% of all loans under £25k proceed on an AVM, making these loans faster to process.
You can download our latest Residential and BTL product guides below, and all sourcing systems will be updated in due course: