UTB reduces second charge rates by up to 55bps 

United Trust Bank has announced rate reductions of up to 55bps across a selection of its second charge loan products, with rates now starting from 5.39%.

Earlier this year, UTB introduced two new product tiers, super prime - designed for customers with no CCJs or defaults in the last 48 months, and specialist - for customers with up to two CCJs and two defaults within the last 24 months.

Following the latest reductions, two-year fixed rate super prime products now start from 4.89%, with three-year rates from 5.79% and five-year rates from 5.39%.

Prime plus two-year fixed rates are available from 6.49%, three-year fixes from 6.39%, and five-year rates from 5.74%.

The Bank also recently increased its maximum loan size to £1m (up to 80% LTV) and enhanced its AVM criteria up to 85% LTV. Unlimited overpayments are also allowed on all plans, with early repayment charges only applicable upon full redemption. Product fees were removed for loans below £40,000 and digital signing for mortgage deeds and direct debit mandates was introduced at the end of 2025.

Andrew Ferguson, commercial director for mortgages, buy-to-let and bridging at United Trust Bank, commented: “These rate reductions, combined with product and criteria enhancements introduced earlier this year, give brokers and their customers even greater choice, flexibility and value for money when looking for a loan which offers both speed and versatility.”