United Trust Bank (UTB) has announced significant rate reductions across its buy-to-let range, cutting rates by up to 1.9% on products for single let, HMO, MUB and holiday let applications.
The changes are part of the lender’s ongoing strategy to strengthen its specialist mortgage proposition and provide brokers with greater choice.
In the standard range, 2-year fixed rates now start from 3.89%, down from 5.69%, with 5-year fixes starting from 5.19%.
The specialist range offers 2-year fixes from 4.24% and 5-year options from 5.49%, while the non-standard range begins at 4.69% for 2-year fixes and 6.14% for 5-year terms.
The announcement follows a series of enhancements made earlier in the year to UTB’s buy-to-let offering, including the removal of limits on landlords’ total portfolio size, an increase in the maximum number of mortgaged properties with UTB to six, and a rise in total lending to £2.5m.
Buster Tolfree, managing director for mortgages, BTL and bridging at United Trust Bank, said: “These lower rates combined with our BTL criteria enhancements will give brokers greater choice for their landlord clients who need the flexibility of a specialist lender without compromising on price.
“We help a wide variety of landlords seize opportunities to grow their single let, HMO, MUB and holiday let portfolios and find value in property types many lenders disregard.”
