Higher LTV helps brokers serve clients with small deposits and specialist requirements
United Trust Bank (UTB) Mortgages has increased its maximum loan-to-value (LTV) across its residential mortgage products to 95%, expanding options for borrowers who may not fit traditional lending criteria.
The 95% LTV offering applies to purchases, remortgages, and first-time buyer applications. Products are available through the UTB Mortgages Portal and major sourcing systems.
Under the updated product range, 95% LTV Prime-Plus plans include a Bank of England lifetime tracker at plus 3.38%, a two-year fixed rate at 7.29%, a three-year fixed rate at 7.59%, a five-year fixed rate at 7.04%, and a five-year fixed option with no early repayment charges at 8.04%.
The 95% LTV Prime plans include a Bank of England lifetime tracker at plus 3.54%, a two-year fixed rate at 7.89%, a three-year fixed rate at 7.79%, a five-year fixed rate at 7.64%, and a five-year fixed option with no early repayment charges at 8.64%.
The specialist lender’s latest move follows recent enhancements, including doubling its maximum residential mortgage loan size to £2 million and introducing new affordability criteria. It also introduced a range of 90% LTV two-, three-, and five-year fixed rate mortgage products last month.
“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,” said Buster Tolfree (pictured), director of mortgages at United Trust Bank.
“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.”
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