United Trust Bank launches new residential mortgage tiers with rates from 4.94%
The changes see the lender expand its residential proposition to five distinct product tiers, designed to support a broader spectrum of borrowers.
United Trust Bank has introduced two new residential mortgage product tiers and revised pricing across its residential range, with rates now starting from 4.94%.
The changes see the lender expand its residential proposition to five distinct product tiers, designed to support a broader spectrum of borrowers, from those with strong credit profiles through to customers with more complex or adverse credit histories.
The new Super Prime tier offers lending up to 85% loan-to-value (LTV) for customers with no County Court Judgements (CCJs) or defaults in the last 48 months, while the Specialist tier supports lending up to 80% LTV for borrowers with up to two CCJs and two defaults within the last 24 months.
Alongside the new tiers, UTB has enhanced options across the range, including interest-only availability, support for complex or multiple income streams, acceptance of previous adverse credit and suitability for non-standard or unusual property types.
The lender said the products are designed to meet the needs of unique or challenging application scenarios.
The updated range is aimed at both purchase and remortgage customers, with particular relevance for those seeking capital raising or debt consolidation solutions, or navigating more complex circumstances.
Andrew Ferguson (pictured), commercial director of mortgages, BTL and bridging at United Trust Bank, said: “We said there was more to come and we meant it.
“These enhancements to our Residential range are great news for brokers who are increasingly seeing applicants who can’t get what they need from mainstream lenders.
“We’ve also revised our pricing across the range with residential rates starting from just 4.94%. What a way to kick off the New Year!
“UTB’s proposition is the best it’s ever been with flexible criteria, great rates and slick processing. Our aim this year is to arm brokers with the mortgage products they need backed by the service they deserve.”
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