The specialist lender's Mortgages for Intermediaries division predicts 24% growth
United Trust Bank’s active Mortgage Loan book has exceeded £1bn for the first time, as the specialist lender’s mortgages for intermediaries division predicts 24% growth in new business this year.
UTB launched into the mortgage market in 2016 with a second charge offering. The bank expanded its product range using the same ethos to include specialist first charges for purchases, remortgages and unencumbered properties in 2020 followed by a specialist buy-to-let range in 2022.
UTB’s director of mortgages, Buster Tolfree (pictured) attributed a large part of its success to continuing to support brokers and ensuring that introducers always had options to offer customers, even when other lenders were stepping out of the market.
“This is a momentous milestone for the Bank and a fantastic achievement for the mortgage team who, in my view, are one of the best in the industry,” said Tolfree. “We couldn’t have achieved a £billion without the support of our amazing broker partners. Many of them have helped us to develop our proposition along the way, testing new tech and processes and giving honest feedback. This collaboration and our commitment to continually improving mortgage journeys for brokers and customers has gained us some very good and loyal friends.
“We have built our reputation on being a dependable specialist mortgage lender, that is happy to take a view on cases which fall outside of norm, and who is committed to supporting brokers through whatever the market and economy can throw at us. Although the outlook may be uncertain, we’re here for the long term and excited about what the future holds.”
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