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
Residential Mortgage Product Update
Please find the below update, which applies to our Residential Mortgage product range and will go-live Friday 28 June. Our BTL and Second Charge Loan products are unaffected.
All pipeline applications sold on older products will be honoured providing an offer is issued on, or before, 23 August.
Residential Mortgage Product Update
All rates across our Prime-Plus, Prime and Near Prime plans have been updated. Details can be found in our Residential Product Guide and are summarised below:
- Criteria relaxed:
- Max LTI – increased to 5.0 to 60% LTV, and 4.50 to 85% LTV
- Max DTI – increased to 50%
- Max Loan Size – increased to £1m
- Prime-Plus:
- 2yr Fixes from 6.64%
- 3yr Fixes from 6.59%
- 5yr Fixes from 6.29%
- Prime:
- 2yr Fixes from 6.89%
- 3yr Fixes from 6.84%
- 5yr Fixes from 6.89%
- Near-Prime:
- 2yr Fixes from 7.29%
- 3yr Fixes from 7.24%
- 5yr Fixes from 7.29%
For new case enquiries, please contact a member of our sales team on 020 7031 1551, or email [email protected]. For updates on cases already submitted to us please call 020 7031 1552, or upload existing documents through the mortgage portal at www.utbankmortgages.co.uk.
Exclusive product alert for our UTB Premier Club Members Only
As a valued member of the UTB community, we are delighted to offer you the first exclusive available to our UTB Premier members only.
New 6x LTI product available!
As of 29th July 2024, income multiples will be increased to 6x LTI for residential first charge products up to 70% LTV.
We also allow up to 50% DTI.
Please speak to your business relationship manager, Jodie Roy is also available on 020 7031 1551 to assist.