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
UTB unveils new BTL criteria enhancements – Live 20th July
We’re pleased to announce a series of Buy to Let criteria enhancements that provide greater flexibility for landlords and make it easier to place and progress cases.
These enhancements will go live on 20 July, helping you place more business, more easily.
These updates remove unnecessary barriers, broaden eligibility, and offer clearer guidance across key areas to support more confident decision making.
Key Criteria Changes
- Maximum Term – Maximum term increased to 30 years.
- Minimum Ownership Period – Minimum ownership period removed; no minimum required.
- Landlord Experience (HMOs & MUBs) – Experience requirement removed for HMOs and MUBs, up to 6 beds for HMOs and 4 units for MUBs.
- Exposure Limits – Exposure limits increased to 10 BTL loans / £3m per applicant.
- Income Evidence – Income evidence only required where necessary.
- Background Portfolio Information – Background portfolio details only required where relevant.
- Deposit Evidence / Gifted Deposits – Wording simplified with wider acceptance of deposit sources, including gifted deposits.
- Freeholder / Leasehold Requirements – Process barriers removed where long leasehold is adequate.
- Specialist Property Types – Clearer criteria now in place across HMOs, MUBs, holiday lets, expats and SPVs.
For full details, please refer to the Buy to Let Criteria Guide
Contact Us
Speak to your UTB Business Development Manager today for case discussions, criteria queries, or new enquiries. Call us on 020 7031 1551 or email [email protected] to find out how we can support your Buy-to-Let cases.