United Trust Bank (UTB) has increased the maximum loan-to-value (LTV) across its residential mortgage product range to 95%.
The new 95% LTV option is available for purchase, remortgage, and first-time buyer applications.
It caters to a wide range of customers, including those with complex income situations, previous adverse credit histories, or those buying unusual property types.
The 95% LTV Prime-Plus Plans start with a Bank of England (BoE) lifetime tracker at 3.38%, followed by a 2-year fixed rate at 7.29%, a 3-year fixed rate at 7.59%, a 5-year fixed rate at 7.04%, and a 5-year fixed option with no early repayment charge (ERC) at 8.04%.
The 95% LTV Prime Plans include a BoE lifetime tracker at +3.54%, a 2-year fixed rate at 7.89%, a 3-year fixed rate at 7.79%, a 5-year fixed rate at 7.64%, and a 5-year fixed with no ERC at 8.64%.
Buster Tolfree, director of mortgages at UTB, said: “Increasing our maximum LTV to 95% on our residential mortgage range is great news for brokers looking to place specialist cases for customers with restricted deposits, those who wish to keep more of their cash and customers looking to release as much equity as they can via a remortgage.
“Our ‘Get January Jumping’ campaign helped brokers get 2025 off to a great start and I’m delighted that we’re continuing to make these product and criteria enhancements into February and perhaps even beyond.”
