United Trust Bank (UTB) Mortgages for Intermediaries has reduced interest rates for its second charge loans by up to 1.14 percentage points.
For example, UTB’s 0-Status, five-year fixed rate without an Early Repayment Charge (ERC) has been reduced from 9.64% to 8.5% for loans up to 65% LTV.
The following rates apply with immediate effect:
0-Status, five-year fixed rates are now:
- 8.10% up to 65% LTV
- 8.40% up to 70% LTV
- 8.65% up to 75% LTV
0-Status, five-year fixed rates without ERCs are now:
- 8.50% up to 65% LTV
- 8.80% up to 70% LTV
- 9.20% up to 75% LTV
Caroline Mirakian (pictured), sales and marketing director – mortgages, United Trust Bank, said: “This is more good news for brokers and customers who are trying to secure the best deals to help them fund home improvements, consolidate debts to make their outgoings more manageable or release equity from their homes for a myriad of other reasons.
“We are continually looking to find ways to offer competitive deals with the very best service and these rate reductions prove once again that when brokers are looking for great value specialist mortgages to help their customers reach their goals, they should be talking to UTB.”