United Trust Bank Mortgages has launched two new residential product tiers and reduced rates across its residential mortgage range, now starting from 4.94%.
The range has been expanded to offer five tiers of products, catering for a wider range of customers, from those with excellent credit through to customers with some adverse.
The 'super prime' range offers lending up to 85% LTV for customers with no CCJs or defaults in the last 48 months.
The specialist range is available up to 80% LTV for customers with up to two CCJs and two defaults within 24 months.
The ranges offer enhanced options for all products, including interest-only, and are suitable for complex and multiple income streams, non-standard or unusual property types, and unique or challenging application scenarios.
As well as customers looking to purchase, the updates create opportunities for remortgage customers, particularly those exploring capital raising and debt consolidation or navigating more complex circumstances.
The introduction of the two new residential ranges follows UTB’s introduction of the same product tiers within its second charge offering.
Andrew Ferguson, commercial director of mortgages, buy-to-let 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.”
