United Trust Bank Mortgages has added a range of 90% loan-to-value (LTV) 2-year, 3-year and 5-year fixed mortgage products to its specialist range, with immediate effect.
The products, suitable for first-time buyers, movers and remortgagers, were designed to enable brokers to help more customers who need higher LTV mortgages, but fall outside of mainstream criteria due to their circumstances or property type.
The are available for mortgage terms of up to 40 years and for customers who will be up to 85 years old by the end of the term.
The move was the first of a series of product and criteria enhancements UTB is planning to introduce this month as part of its ‘Get January Jumping’ campaign.
Buster Tolfree, director of mortgages at United Trust Bank, said: “We know how difficult it is for brokers to place higher LTV deals for their specialist customers so we think this new set of 90% products will help them get 2025 off to a great start.
“Even better is that this is just the first of a series of enhancements we’re making in January to make it even easier for brokers to recommend UTB mortgages to their customers.
“Look out for the next exciting installment coming very soon!”
