United Trust Bank Update

Mortgages, BTL and Second Charge Loan Product Update

Due to recent increases in the cost of funds, which is affecting all Bank and non-Bank lenders, we are updating our product range. New interest rates will take effect from Friday 2 June.

We will honour historic interest rates for all applications created on the Portal prior to tomorrow, regardless of current application stage, provided a Mortgage Offer is issued on or before 3 July. Applications which have not been offered by this date, will need to be re-sold onto the prevailing rates.

Residential Mortgages, Product Update

All Purchase, Remortgage, Interest Only and Unencumbered products have been updated:

• 2yr fixed rates from 6.79%
• 3yr fixed rates from 6.82%
• 5yr fixed rates from 6.85%
• 5yr fixed rates with no ERC from 8.04%

Unencumbered only changes: Product fee of £995, commission 0.8% packagers,0.45% gross for direct brokers.

BTL, Product Update

All BTL products have been updated, with options for 2% and 4% Product Fees:

• Standard products, 2yr fixed rates from 5.49% and 5yr fixed rates from 6.09%
• Specialist products, 2yr fixed rates from 5.49% and 5yr fixed rates from 6.39%
• Non-Standard products, 2yr fixed rates from 6.79% and 5yr fixed rates from 7.39%

Second Charge Loans, Product Update

All Second Charge products have been updated:

• BoE Tracker rates from +3.89%
• 2yr fixed rates from 7.99%
• 3yr fixed rates from 8.09%
• 5yr fixed rates from 7.90%
• 5yr fixed rates with no ERC from 8.20%

You can download our new Residential and BTL product guides here, 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].uk.  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.