United Trust Bank (UTB) Mortgages for Intermediaries has announced a series of changes and rate reductions across its residential, buy-to-let and second charge product range.
The specialist lender has launched new BoE lifetime trackers with rates from base +2.64% on its purchase, remortgage, interest only, mortgage prisoner and unencumbered products.
In addition, UTB has also expanded its range of buy-to-let plans, including 2%, 3%, 4% and 5% product fee variants and reduced the interest rates on its buy-to-let standard range by 30bps.
UTB has also reduced its second charge BoE lifetime tracker rates by up to 75bps with rates now available from Base +3.14%.
Buster Tolfree (pictured), director of mortgages at United Trust Bank, said: “It’s not easy out there for brokers at the moment and we’re always looking for ways to support our introducers and help them to keep writing business.
“Although some stability has returned to the mortgage market, inflation is still high and the outlook for the economy and the residential property market remains uncertain. At times like these brokers want to know that they can rely on their lenders to stand by them and do what they can to give them options. Expanding our range and reducing our interest rates is good news for brokers and their clients.
“UTB is an agile and dependable, through the cycle lender, committed to the specialist mortgage market for the long term. This isn’t the first time the Bank has had to navigate a challenging environment, and it probably won’t be the last, but we have continued to lend, to invest in great people and technology and created products brokers can confidently recommend to their customers.”
