The new products include two-, three-, and five-year fixed rate options

United Trust Bank (UTB) Mortgages has expanded its product offering by introducing a range of 90% loan-to-value (LTV) second charge loans.
The new products include two-, three-, and five-year fixed rate options and are exclusively available to members of the Premier Club – a select network of mortgage packagers that provide brokers access to semi-exclusive rates, criteria, and features for specialist mortgage applications.
With the 90% LTV second charge loans, UTB said it aims to provide homeowners with greater flexibility to unlock equity without altering their existing first charge mortgage. The loans can be used for various purposes, such as home improvements, debt consolidation, purchasing additional properties or assets, covering school fees, or settling personal tax bills.
The loans are available for terms of up to 30 years and can be offered to borrowers aged up to 85 by the end of the term. Married sole applications are accepted, and the products feature flexible lending criteria that accommodate complex and self-employed income as well as impaired credit histories.
In addition, the loans cover a broad range of property types, including non-standard constructions and properties in less favoured locations, such as high-rise flats or those near commercial sites.
“Our new 90% LTV seconds range is a fantastic new benefit for Premier Club members and the brokers who use them to support their specialist mortgage applications,” said Buster Tolfree (pictured), director of mortgages at United Trust Bank.
“With access to preferential rates, criteria and features, brokers can get even better deals and place difficult cases for their customers whilst benefitting from the experience and know-how of packagers who really understand specialist mortgages.”
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