United Trust Bank (UTB) Mortgages has announced further significant enhancements to its product range with the launch of two new Residential product tiers and the revision of many rates across its Residential Mortgage range starting from just 4.94%.
The range has been expanded to offer five tiers of products, catering for a much wider range of customers, from those with excellent credit through to customers with some adverse.
The new tiers:
- Super Prime – Lending up to 85% LTV for customers with no CCJs or defaults in the last 48 months.
- Specialist – Lending up to 80% LTV for customers with up to two CCJs and two defaults within 24 months.
Other benefits:
- Rates from 4.94% across selected Residential products
- Enhanced options for all products including interest only
- Great for complex or multiple income streams
- Previous adverse credit accepted
- Excellent for non‑standard or unusual property types
- Suitable for unique or challenging application scenarios
As well as customers looking to purchase, these updates create strong opportunities for remortgage customers, particularly those exploring capital raising and debt consolidation or navigating more complex circumstances. Interest only options are also available.
The introduction of the two new Residential ranges closely follows UTB’s introduction of the same product tiers within its second charge offering, alongside broad pricing revisions that have reduced rates to as low as 5.39%
Andrew Ferguson, Commercial Director of Mortgages, BTL & 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.”
