UTB Increase maximum loan size for residential second charges to £500k

I am pleased to confirm the following update from the UTB Mortgages division:

Second Charge Max Loan Size Increased to £500k
The maximum loan size for Second Charges has been increased, with details as follows:

  • 0-Status Products up to 70% LTV
  • 2yr, 3yr, 5yr fixed rates available
  • Max LTI of 6.0
  • Commission / Proc Fees:
    • Packager and Distributor: 2% capped at ¬£8,000
    • Standard Direct to Lender: 1.25% capped at ¬£5,000

Updated Product Guides can be found via the hyperlinks below and the Portal will be updated tomorrow, 1 December.

Packager and Distributor here
Standard Direct here

Festive Period Opening Times
The UTB Mortgage team will be funding mortgage applications across all product sets throughout the festive period. The division will close at 12:30 on Christmas eve and New Years eve, and then on weekends and Bank Holidays as usual.

If you have any new applications you wish to discuss, please contact your regional BDM or Key Accounts Manager directly, or email mortgage.enquiries@utbank.co.uk. The Underwriting Team can also be reached on 0207 031 1552 or via secondcharges@utbank.co.uk or mortgages@utbank.co.uk.