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
Specialist Mortgages for complex cases
UTB specialises in mortgage cases that fall outside of mainstream lending criteria and often that includes automated credit models. Using a flexible and pragmatic approach and experienced manual underwriting, we support complex and non-standard cases, giving brokers speed and certainty on every decision.
How UTB supports specialist mortgage cases
- Up to 6x loan to income to 85% LTV
- Multiple income sources considered, including bonus, commission, second employment, foster income and maintenance
- Contractor income assessed flexibly using day rate × 48 weeks
- Interest only options available, with affordability assessed on the interest only payment
- Manual underwriting, with cases assessed on their individual merits rather than automated credit scoring
Before declining a case, please speak to UTB
A case that doesn’t fit an automated system, or another lender’s criteria, may still sit comfortably within UTB’s specialist lending appetite. Our experienced underwriting and sales teams go further, looking beyond rigid criteria, understanding the full picture and doing everything they can to say ‘Yes’.
Find out more on our website – www.utbank.co.uk/intermediaries/mortgages/