United Trust Bank (UTB) has passed the £1 billion mark in specialist mortgage lending.
This includes first and second charge residential mortgages across the bank’s product range and was achieved following 50% year on year growth in new mortgage lending from 2020 to 2021.
The Bank’s mortgage division, now known as UTB Mortgages for Intermediaries, launched in 2015 with a limited range of second charge mortgages designed to cater for more complex customers underserved by mainstream lenders. The bank has since developed its proposition to include residential first charge mortgages for home purchases and remortgages, including interest-only and first-time buyers.
UTB recently announced the appointment of Barry Luhmann to develop and launch a buy-to-let proposition.
Buster Tolfree, director of mortgages at United Trust Bank, said: “This is a fantastic achievement, made possible by a great team of people who’ve worked incredibly hard to earn UTB a seat at the specialist mortgage table. UTB residential mortgage and second charge loans are now accessible through every major network, club and distributor and our range continues to develop and evolve.
“Introducers are our lifeblood and we’ve focused on building strong and enduring relationships with brokers founded on a compelling product range and utilising innovative digital processes to unleash our greatest resource; our people, to do what they do best; adding value and delivering an outstanding service to our brokers and customers.
“We’re growing quickly, moving into new markets and establishing a great reputation amongst brokers, distributors and borrowers. £1 billion of mortgage lending is great, and hopefully the next milestone arrives even quicker.”
