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: BTL Criteria Enhanced and Admin Removed!
We’ve made it even easier for brokers to place and complete Buy to Let business with UTB by reducing administration and providing greater flexibility for landlords.
What’s Changed?
- We no longer need landlords’ income evidence
- We now accept gifted deposits from a wider range of family members, including parents, grandparents, siblings and children
- We’ve increased our maximum mortgage term to 30 years
Simpler Buy to Let Criteria for Leasehold & Specialist Properties
At United Trust Bank we’re making it easier for you to place specialist Buy to Let cases by introducing clearer criteria and a simpler approach to leasehold properties.
What’s Changed?
Leasehold Buy to Let
We’ve streamlined our process by removing the need for a comfort charge where the freeholder and leaseholder differ, helping brokers place cases more quickly and easily with UTB.
Specialist Property Types
We’ve simplified and strengthened our guidance for specialist Buy to Let properties, making it easier for brokers to understand what we can support and submit cases with confidence.
Including:
- HMOs – clearer requirements and eligibility criteria
- Multi-Unit Blocks (MUBs) – improved clarity on acceptable property structures
- Holiday Lets – enhanced guidance on acceptable applications and borrower profiles
Why It Matters
- Simpler, quicker processing for leasehold purchases and remortgages
- Greater certainty for brokers and customers when placing specialist cases