United Trust Bank reduces residential mortgage rates by up to 100bps

United Trust Bank Mortgages has strengthened its residential mortgage proposition with rate reductions of up to 100 basis points across selected products and the launch of new 90% and 95% LTV mortgages for super prime and prime plus borrowers.

Residential mortgage rates now start from 5.24%, with new lending available up to 95% LTV on a maximum loan size of £500,000 and 90% LTV with maximum loan sizes of £750,000.

In UTB's super prime range, two-year fixed rates are available from 5.24% and three and five-year fixes from 5.39%.

For prime plus, two-year fixes start from 5.44%, with three and five-year rates from 5.59%.

In addition, revised pricing has been introduced across several prime, near prime and specialist residential mortgage products.

Andrew Ferguson, commercial director for mortgages, buy-to-let and bridging at United Trust Bank, said: "The specialist residential market continues to evolve and brokers need lenders able to combine competitive pricing with the flexibility to support customers whose circumstances don't always fit standard lending criteria.

“These latest changes reinforce our commitment to helping brokers place more business with UTB. Alongside significantly reduced rates, we've introduced higher LTV products to help customers with smaller deposits access home ownership whilst continuing to provide the relationship-led service and pragmatic underwriting our broker partners value.

“This is another important step in the ongoing development of our residential proposition and forms part of our wider programme of investment across mortgages, buy-to-let, bridging and second charge lending."