United Trust Bank has passed the £1bn milestone of specialist mortgage lending. The total includes first and second charge residential mortgages across the Bank’s product range and was achieved following 50% year-on-year growth in new mortgage lending from 2020 to 2021.
The Bank’s mortgage division, now known as UTB Mortgages for Intermediaries, launched in 2015 with a limited range of second charge mortgages designed to cater for more complex customers underserved by mainstream lenders.
The Bank has since developed its proposition to include residential first charge mortgages for home purchases and remortgages, including interest only and first-time-buyers.
The Bank recently announced the appointment of Barry Luhmann to develop and launch a buy-to-let proposition based on the same successful application platform offering cutting edge digital processes supported by skilled and knowledgeable staff.
The Bank has made significant investment in technology, integrating a number of digital solutions and third-party services into its mortgage application journey over the last three years.
Services such as AVMs, app-based biometric ID verification, secure messaging and document upload enabled UTB to keep lending throughout the pandemic.
The Bank has since introduced an enhanced online DIP which includes an element of automated-underwriting enabling brokers to receive real time decisions 24 hours a day, 365 days a year, with bespoke case-level requirements.
These service enhancements continue to benefit brokers and customers with quicker and simpler application journeys and more successful outcomes.
Buster Tolfree (pictured), director of mortgages, United Trust Bank, said: “This is a fantastic achievement, made possible by a great team of people who’ve worked incredibly hard to earn UTB a seat at the specialist mortgage table.
“UTB residential mortgage and second charge loans are now accessible through every major network, club and distributor and our range continues to develop and evolve.
“Introducers are our lifeblood and we’ve focused on building strong and enduring relationships with brokers founded on a compelling product range and utilising innovative digital processes to unleash our greatest resource; our people, to do what they do best; adding value and delivering an outstanding service to our brokers and customers.
“We’re growing quickly, moving into new markets and establishing a great reputation amongst brokers, distributors and borrowers. £1bn of mortgage lending is great, and hopefully the next milestone arrives even quicker!”
