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
Broaden your horizons with residential mortgages at UTB
Not only do we have market leading rates, but a fabulous range of residential mortgage products with flexible criteria to help you help more customers achieve their home buying dreams.
In response to the growing needs of our customers and the market, we have extended our criteria to cater for a wider range of scenarios including:
- Max loan size is now increasing to £1m up to 85% LTV
- We are increasing DTI to 50%
- 0 LTI can be used up to 60% LTV and 4.5 LTI up to 85% LTV
- We support customers with CCJs, defaults and missed mortgage payments
- Up to 75% of commission, bonus and overtime accepted
Our residential products support purchase, remortgage, first time buyers, customers without mortgage history and those looking for an interest only mortgage.
We accept: (subject to sufficient evidence)
- Employed = multiple income stream and zero hours accepted.
- Self-employed = Ltd Co and sole trader using latest years accounts
- Contractors = day rate x 5 x 48 weeks
And most importantly, we don’t restrict LTV based on property type or construction. From castle to council house, high rise to farmhouse all the way to the flat above the pub.
We manually underwrite every case offering a flexible approach and ability to take a view.
Contact us!
Our exceptional team of telephone BDMs and underwriters are available by phone and email, Monday-Friday to help you on 0207 031 1551 Or [email protected]
Second Charge Update.. Rates from 6.59%
Following our recent criteria enhancements, we are now pleased to announce a series of rate reductions across our Second Charge product range.
These changes will go-live tomorrow, Friday 5 July. All pipeline applications sold on older products will be honoured providing an offer is issued before Friday 23 August.
Second Charge Loan changes
Rates across our Prime-Plus, Prime and Near-Prime plans have been updated, some with reductions of up to 40bps. Details can be found in our Second Charge Product Guide and are summarised below:
- Prime-Plus plans:
- BoE Lifetime Trackers from +3.24%
- 2yr Fixes from 7.29%
- 3yr Fixes from 7.19%
- 5yr Fixes from 6.59%
- 5yr Fixes, with no ERC from 7.89%
- Prime plans:
- BoE Lifetime Trackers from +3.34%
- 2yr Fixes from 7.39%
- 3yr Fixes from 7.29%
- 5yr Fixes from 6.74%
- 5yr Fixes, with no ERC from 8.04%
- Near-Prime plans:
- BoE Lifetime Trackers from +4.54%
- 2yr Fixes from 8.59%
- 3yr Fixes from 8.49%
- 5yr Fixes from 7.59%
- 5yr Fixes, with no ERC from 9.19%
For new case enquiries, please contact a member of our sales team on 020 7031 1551, or email [email protected]. For updates on cases already submitted to us please call 020 7031 1552, or upload existing documents through the mortgage portal at www.utbankmortgages.co.uk.