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UTB ups max LTV to 80% on resi and second charge

Jake Carter

November 12, 2020

mortgage holiday income

United Trust Bank has increased its maximum LTV to 80% on residential mortgages and second charge loans.

In addition, the lender has launched a Near Prime residential mortgage product with a maximum 75% LTV.

The near prime product is available for purchase, remortgage, interest-only and unencumbered.

In addition, a maximum £500,000 loan is accessible with and no minimum credit score.

Moreover, an unsecured credit payment profile will be ignored if being consolidated, and defaults/CCJs are ignored if over one year old.

Buster Tolfree, commercial director of Mortgages at United Trust Bank, said: “Throughout this year we have released a wide range of new products, criteria and digital enhancements to help mortgage brokers write more business whilst still dealing with the challenges presented by COVID-19.

“The feedback we received has been overwhelmingly positive and many brokers also suggested that a small increase in our maximum LTVs would give them additional opportunities.

“Although uncertainty surrounding the pandemic continues, UTB has decided to back brokers and their customers in these challenging times. We believe that the best way to get through this crisis is to work together, supporting brokers wherever possible.”


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