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
Mortgages, BTL and Second Charge Loan Product Update
As a result of the Base Rate increase last week, and the resultant impact on the cost of funds, we are updating our Residential Mortgage, BTL and Second Charge Loan product ranges on Tuesday 4 July.
We will honour current interest rates for all cases, regardless of current application stage, provided a Mortgage Offer is issued on or before 1 August. Applications which have not been offered by this date, will need to be re-sold onto the prevailing rates.
Residential MortgagesAll Purchase, Remortgage, Interest Only, Mortgage Prisoner and Unencumbered products have been updated:
- 2yr fixed rates from 7.69%
- 3yr fixed rates from 7.72%
- 5yr fixed rates from 7.75%
- 5yr fixed rates with no ERC from 8.94%
BTLAll BTL products have been updated, with 2%, 4% and 6% Product Fee options:
- Standard products, 2yr fixed rates from 6.39% and 5yr fixed rates from 6.69%
- Specialist products, 2yr fixed rates from 6.59% and 5yr fixed rates from 7.09%
- Non-Standard products, 2yr fixed rates from 8.00% and 5yr fixed rates from 8.19%
- Note: Applications on new interest rates over 70% LTV will require a minimum 135% ICR
Second Charge LoansAll Second Charge Loan products have been updated:
- Lifetime Trackers from BoE Base Rate +3.89%
- 2yr fixed rates from 8.19%
- 3yr fixed rates from 8.29%
- 5yr fixed rates from 8.10%
- 5yr fixed rates with no ERC from 8.40%
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 >>
For new case enquiries, please contact your Broker Relationship or Key Accounts Manager directly 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.