United Trust Bank launches 90% LTV second charge range

United Trust Bank Mortgages has launched a range of 90% LTV second charge loans available with two, three and five-year fixed rate options. The higher-LTV range is exclusively available through its Premier Club members.

UTB’s Premier Club is a select group of mortgage packagers which have access to a variety of semi-exclusive rates, criteria and features available to brokers using those packager’s services for specialist mortgage applications. 

The second charge loans can be used for a wide variety of purposes including (but not limited to) home improvements, debt consolidation, the purchase of another property or asset, school fees, and personal tax bills.

The 90% LTV range is available for mortgage terms of up to 30 years and for customers who will be up to 85 years old by the end of the term.

It offers flexible criteria to suit a wide range of customer profiles including those with complex and self-employed income and impaired credit history.

Loans are also available for a wide range of properties including various non-standard construction types and those in unfavoured locations including high rise apartments and those near commercial properties.

Buster Tolfree, director of mortgages at United Trust Bank, commented: “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. 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.

“Our ‘Get January Jumping’ campaign is helping brokers arrange some outstanding deals for their customers, and there’s even more to come so watch this space!”