United Trust Bank Mortgages has doubled the maximum loan size available to customers wishing to obtain a residential first charge mortgage up to 65% loan-to-value (LTV), to £2m with immediate effect.
Customers wishing to borrow up to 75% LTV can borrow up to £1.5m, also increased from £1m.
The latest move, part of the specialist lender’s ‘Get January Jumping’ campaign, follows a raft of income criteria changes designed to boost borrower affordability.
Buster Tolfree, director of mortgages at United Trust Bank, said: “Having launched affordability boosting income criteria last week we’ve now doubled our maximum mortgage size to help brokers place bigger cases for customers with more complex incomes.
“And judging by the response we’ve had since we started our ‘Get January Jumping’ campaign, brokers are going to love these latest changes too.
“We’ve listened to intermediaries operating all over the country, we’ve read the research revealed in our mortgages white paper, and we’ve responded with tangible action to help brokers arrange amazing deals for even more customers.
“And guess what. We still have a few more tricks up our sleeves!”
