United Trust Bank Update

Mortgages, BTL and Second Charge Loan Product Update

We are updating our Residential Mortgage, BTL and Second Charge Loan product ranges on Tuesday 5 September.

Current interest rates will be honoured for all pipeline cases, regardless of current application stage, provided a Mortgage Offer is issued on or before 6 October. Applications which have not been offered by this date, will need to be re-sold onto the prevailing rates.

Residential Mortgages

Purchase, Remortgage, Interest Only, Mortgage Prisoner and Unencumbered products have been updated as follows:

• Launch of new BoE Lifetime Trackers, rates from +2.64%
• Purchase/Remortgage LTI Updated to max 5.0 under 80% LTV, 4.0 over 80% LTV
• Max loans updated to £1m under 80% LTV, £250k over 80% LTV
• Withdrawal of all 2-Status interest rates

BTL

BTL Standard, Specialist and Non-Standard products have been updated as follows:

• Launch of new 3% and 5% Product Fee options for all product types
• 30bps Reduction across all Standard products
• Standard products, 2yr fixed rates from 6.34% and 5yr fixed rates from 6.64%
• Specialist products, 2yr fixed rates from 6.74% and 5yr fixed rates from 7.29%
• Non-Standard products, 2yr fixed rates from 8.07% and 5yr fixed rates from 8.30%
• Max LTV now 75% plus product fees

Second Charge Loans

Second Charge Loan products have been updated as follows:

• Up to 75bps Reduction on BoE Lifetime Trackers, rates now from +3.14%
• LTI Updated to max 6.0 under 80% LTV, 3.5 over 80% LTV
• Max loan updated to £500k under 80% LTV, £125k over 80% LTV
• Withdrawal of 1 and 2 Status 5yr fixed rates without ERCs
• 1-Status 5yr fixed rates now from 10.59%
• 2-Status 5yr Fixed rates now from 11.45%

You can download our new Residential and BTL product guides below, and all sourcing systems will be updated in due course:

Residential Product Guide >>
BTL Product Guide >>