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, BTL and Second Charge Loans
Following an additional increase to the Bank of England Base Rate this month, we have updated interest rates for all of our Residential Mortgage, BTL and Second Charge Loan Products.
These new interest rates will take effect from tomorrow, Wednesday 29 June. We will honour our previous interest rates for any applications created prior to this date, regardless of current application stage, provided a Mortgage Offer is issued on or before Friday 29 July.
Residential Mortgage Product Update
All current Purchase, Remortgage, Interest Only and Unencumbered criteria and product parameters are unchanged, interest rates have been updated to:
- 2yr fixed rates from 4.50%
- 3yr fixed rates from 4.75%
- 5yr fixed rates from 4.80%
Download our new Residential Mortgage product guides below:
Standard Residential Mortgages Product Guide
Packager & Distributor Residential Mortgages Product Guide
BTL Product Update
All current BTL criteria and product parameters are unchanged, interest rates have been updated to:
- 2yr fixed rates from 4.24%
- 5yr fixed rates from 4.44%
Download our new BTL product guide below:
BTL Product Guide
Second Charge Loan Product Update
The same interest rate now applies to both smaller and larger loans. All other current Second Charge criteria and product parameters are unchanged, interest rates have been updated to:
- BoE Tracker rates from +5.25%
- 2yr fixed rates from 5.25%
- 3yr fixed rates from 5.35%
- 5yr fixed rates from 5.45%
Download our new Second Charge Loan product guides below:
Standard Second Charge Product Guide
Packager & Distributor Second Charge Product Guide
United Trust Bank: Second Charge Loan Commission Clarification
Further to our pricing update yesterday, an error was identified in the Second Charge Product Guides. I can confirm that commission levels are unchanged, being 1.25% for Standard Brokers and 2.00% for Packagers & Distributors. The Portal is unaffected and the correct wording has been updated on the below:
Standard Second Charge Product Guide
Packager & Distributor Second Charge Product Guide