United Trust Bank (UTB) has launched a range of 90% loan-to-value (LTV) second charge loans available with 2-, 3- and 5-year fixed rate options.
The higher LTV range is exclusively available for its Premier Club members.
UTB’s Premier Club is a select group of mortgage packagers which have access to a variety of semi-exclusive rates, criteria and features available to brokers using those packager’s services for specialist mortgage applications.
UTB’s higher LTV second charge loans were designed to give customers greater flexibility to unlock equity in their homes without having to change their first charge mortgage.
The products are available for mortgage terms of up to 30 years and for customers who will be up to 85 years old by the end of the term.
Married sole applications are also accepted.
The products also cater for a range of customer profiles including those with complex and self-employed income and impaired credit history, and is available for a number of property types, including various non-standard construction types and those in unfavoured locations including high rise apartments and those near commercial properties.
Buster Tolfree, director of mortgages at United Trust Bank, said: “Our new 90% LTV seconds range is a fantastic new benefit for Premier Club members and the brokers who use them to support their specialist mortgage applications.
“With access to preferential rates, criteria and features, brokers can get even better deals and place difficult cases for their customers whilst benefitting from the experience and know-how of packagers who really understand specialist mortgages.
“Our ‘Get January Jumping’ campaign is helping brokers arrange some outstanding deals for their customers, and there’s even more to come so watch this space!”
