United Trust Bank (UTB) has increased the maximum LTV available on its range of first and second charge residential mortgage products to 80% with immediate effect. In addition, the Bank has launched a Near Prime residential mortgage product with a maximum 75% LTV.
Residential First Charge Mortgages
– 80% LTV product launch
- Purchase and Remortgage only
- Max £500k Loan size, 0-Status only
- 2, 3 and 5yr fixed rates, from 4.30%
- No minimum credit score
- Max 4.50 LTI
- Primary income must be employed only, minimum 12 months in current role
Second Charge Loans– 80% LTV product launch
- Max £250k Loan size, 0-Status only
- 2, 3 and 5yr fixed rates, from 5.95%
- No minimum credit score
- Primary income must be employed only, minimum 12 months in current role
