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
BTL Returns to 80% LTV, 125% ICR… and makes Rate Reductions of up to 1.30%!
We are updating our BTL product range on Monday 8 January. Residential Mortgage and Second Charge Loan products are unaffected.
Current interest rates will be honoured for all pipeline cases, regardless of current application stage, provided a Mortgage Offer is issued on or before 5 February. Applications which have not been offered by this date, will need to be re-sold onto the prevailing rates, which are lower in all instances.
BTL Criteria Updates
- Re-launch of max 80% LTV plans (82% Gross) for Single Dwellings, HMO’s and MUB’s
- Minimum ICR reduced to 125% for Basic Rate Tax Payers and Ltd Companies
- Minimum ICR reduced to 130% for mixed Basic and Higher Tax Rate Payers
BTL Rate Reductions
All 2%, 3%, 4% and 5% Product Fee plan options have been reduced, by up to 1.30%, as follows:
- Standard (Single Dwellings)
- 2yr fixes from 5.34%
- 5yr fixes from 5.74%
- Specialist (HMO and MUB)
- 2yr fixes from 5.44%
- 5yr fixes from 5.89%
- Non-Standard (Holiday Lets)
- 2yr fixes 6.97%
- 5yr fixes from 7.20%
You can download our latest Residential and BTL product guides below, and all sourcing systems will be updated in due course: