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
We’re excited to share a series of enhancements across our Residential Mortgage range, including rate reductions starting from 4.94% and the launch of two brand‑new price plans.
These updates create strong opportunities for your purchase or remortgage customers, particularly those exploring capital raising and debt consolidation or navigating more complex circumstances.
What’s New
- Rates from 4.94% across selected Residential products
- Two new price plans designed to broaden customer choice
- Enhanced options for all products including interest only.
Ideal for Customers With:
- Complex or multiple income streams
- Previous adverse credit
- Non‑standard or unusual property types
- Unique or challenging application scenarios
Our updated range is built to support more of the cases you see every day.
All new interest rates and product bandings will be available on the UTB Mortgages Portal on Monday 19 January, and listed on all major sourcing systems shortly. All pipeline applications sold on older products will be honoured until Friday 27 March.
Full details can be found in our Residential Mortgages Product Guide, and are as summarised below:
NEW Super Prime Plans:
- 2yr Fixed from 4.94%
- 3yr Fixed from 5.09%
- 5yr Fixed from 5.14%
- 5yr Fixed, with No ERC from 6.34%
- Up to 95% LTV;
- No CCJs/defaults in 48 months
UPDATED Prime Plans:
- 2yr Fixed from 5.79%
- 3yr Fixed from 5.74%
- 5yr Fixed from 6.19%
- 5yr Fixed with No ERC from 7.39%
- This range now allows 1 in 12 for secured loans/mortgages and 1 in 24 for CCJs/defaults below 85% LTV
NEW Specialist Plans:
- 2yr Fixed from 6.69%
- 3yr Fixed from 6.64%
- 5yr Fixed from 6.69%
- 5yr Fixed with No ERC from 7.79%
- Up to 80% LTV;
- Up to two CCJs and two defaults in 24 months
- Allows 2 missed mortgage payments in 12 months
Last weeks second charge guide for reference: Second Charges Mortgages Product Guide