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
UTB Mortgages | Bank of England Base Rate Update
Following today’s announcement that the Bank of England Base Rate has increased to 4.00%, the UTB Mortgage Portal will be updated tonight as follows:
- Mortgage Illustrations or Offers issued on any applications will now detail the new higher Base Rate and reversionary monthly payment
- Offered applications will complete as normal, with any new payment detailed in the customer’s welcome letter; and
- Pipeline BoE Lifetime Tracker, 2 Yr Fix or 3 Yr Fix products will be prompted to re-assess affordability within the UTB Portal prior to Full Mortgage Application
Existing UTB customers who are currently on a BoE Tracker rate will receive a letter advising them of their new pay rate and monthly payment.