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
Mortgage and Second Charge Loan Product Update
Following the Bank of England Base Rate change earlier this month, we have updated our Residential Mortgage and Second Charge Loan products.
New interest rates will take effect from tomorrow, Thursday 25 August. 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 Wednesday 12 October.
Mortgages, Product Update
All Purchase, Remortgage, Interest Only and Unencumbered products have been updated. Highlights include:
- 2yr fixed rates from 4.89%
- 3yr fixed rates from 5.04%
- 5yr fixed rates from 5.09%
- 5yr fixed rates with no ERC from 5.44%
- ERC’s reduced on all plans
- 2-Status Purchase and Remortgage plans now available to 80% LTV
- Unencumbered 1 and 2 Status fixed rates reduced by up to 2.55%
Second Charge Loans, Product Update
All Second Charge products have been updated. Highlights include:
- BoE Tracker rates from +5.39%
- 2yr fixed rates from 5.39%
- 3yr fixed rates from 5.49%
- 5yr fixed rates from 5.59%
- 5yr fixed rates with no ERC from 5.89%
- Max loan increased to £500k on all products
- ERC’s reduced on many plans
Following the Bank of England Base Rate change earlier this month, we have updated our BTL products. New interest rates will take effect from tomorrow, Thursday 25 August.
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 Wednesday 12 October.
BTL, Product Update
All Standard, Specialist and Non-Standard products have been updated. Highlights include:
Standard products:
o 2yr fixed rates from 4.99%
o 5yr fixed rates from 5.09%
o Max loan increased to £1.5m
Specialist products:
o 2yr fixed rates from 4.99%
o 5yr fixed rates from 5.09%
o Max loan increased to £1.5m
- Non-Standard:
o 2yr fixed rates from 5.39%
o 5yr fixed rates from 5.49%
o Broker Commission increased to 1.50% gross
o Max LTV increased to 80% LTV
o Max loan increased to £1.5m