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
This is an updated version of the bulletin we sent out on Friday. A small typing error was spotted in the product highlight section, which has been corrected below. Details in the linked product guide were un-affected.
We’re pleased to announce a large expansion to our Second Charge Loan Product range, alongside rate updates across the board. We now offer five tiers of products, catering for a far wider range of customers, from those with perfect credit through to those with some adverse credit history.
All new interest rates and product bandings will be available on the UTB Mortgages Portal on Monday 12 January, and listed on all major sourcing systems shortly. All pipeline applications sold on older products will be honoured, providing an offer is issued before Friday 27 March.
Full details can be found in our Second Charges Mortgages Product Guide, with highlights including:
NEW Super Prime Range:
- 2yr Fixed from 5.89%
- 3yr Fixed from 5.79%
- 5yr Fixed from 5.39%
- 5yr Fixed, No ERC from 6.35%
- Up to 90% LTV; No CCJs/defaults in 48 months
UPDATED Prime Plans:
- 2yr Fixed from 7.49%
- 3yr Fixed from 7.39%
- 5yr Fixed from 6.34%
- 5yr Fixed, No ERC from 7.00%
- Now allows 1 in 12 for secured loans/mortgages and 1 in 24 for CCJs/defaults below 85% LTV
NEW Specialist Range:
- 2yr Fixed from 8.99%
- 3yr Fixed from 8.89%
- 5yr Fixed from 7.69%
- 5yr Fixed, No ERC from 8.05%
- Up to 80% LTV; Up to two CCJs and two defaults in 24 months
Products fees have also reduced below £60K from £995 to £595.