UTB reduces rates by up to 1.9% on BTL products

The refreshed pricing sees two-year fixed rates now starting from 3.89% (reduced from 5.69%) and five-year fixed rates from 5.19% within UTB’s standard range. Products in the specialist range begin at 4.24% for two-year fixes and 5.49% for five-year fixes, while non-standard products start at 4.69% and 6.14% respectively.

Earlier this year, UTB enhanced its buy-to-let mortgage proposition to give brokers greater flexibility and choice when supporting professional and portfolio landlord clients. Key updates included the removal of an upper limit on total portfolio size, the ability to mortgage up to six properties with UTB, and an increased maximum lending limit of £2.5 million.

Buster Tolfree, managing director – mortgages, BTL & bridging at United Trust Bank (pictured), commented:

“These lower rates combined with our BTL criteria enhancements will give brokers greater choice for their landlord clients who need the flexibility of a specialist lender without compromising on price.

"We help a wide variety of landlords seize opportunities to grow their single let, HMO, MUB and holiday let portfolios and find value in property types many lenders disregard.”