United Trust Bank (UTB) Mortgages for Intermediaries has expanded its offering to include new build properties in its range of residential mortgage and buy-to-let (BTL) products.
The move follows a significant recent reprice, with interest rates starting from just 4.84% for BTL and 5.99% for residential mortgages, and a restructure and widening of its credit criteria with new acceptable adverse rules across its entire range, catering for wider customer needs.
With evidence of an appropriate new build warranty or certificate, UTB will now accept off-plan purchases, subject to re-inspection before completion, as well as maximum 5% new build incentives, including builder’s deposit.
Buster Tolfree, director of mortgages – United Trust Bank, said: “This expansion of our product range gives brokers more choice for clients who want to buy a brand-new home but have a complex income or credit history blips.
“At UTB we are all about helping people to fulfil their property dreams even if they don’t fit the criteria of mainstream lenders.
“I’m delighted that our common sense and flexible approach to property types, incomes and historic adverse now extends to this important sector of the property market.”
