Following the Bank of England Base Rate change earlier this month, United Trust Bank has updated its Residential Mortgage and Second Charge Loan products.
New interest rates will take effect from tomorrow, Thursday 25 August. They will honour their previous interest rates for any applications created prior to this date, regardless of the current application stage, provided a Mortgage Offer is issued on or before Wednesday 12 October.
Mortgages, Product Update
All Purchase, Remortgage, Interest Only and Unencumbered products have been updated. Highlights include:
- 2yr fixed rates from 4.89%
- 3yr fixed rates from 5.04%
- 5yr fixed rates from 5.09%
- 5yr fixed rates with no ERC from 5.44%
- ERC’s reduced on all plans
- 2-Status Purchase and Remortgage plans now available to 80% LTV
- Unencumbered 1 and 2 Status fixed rates reduced by up to 2.55%
Second Charge Loans, Product Update
All Second Charge products have been updated. Highlights include:
- BoE Tracker rates from +5.39%
- 2yr fixed rates from 5.39%
- 3yr fixed rates from 5.49%
- 5yr fixed rates from 5.59%
- 5yr fixed rates with no ERC from 5.89%
- Max loan increased to £500k on all products
- ERC’s reduced on many plans
Download their new Mortgage and Second Charge Loan product and criteria guides below:
Residential Product Guide
Residential Criteria Guide
Postal Strike
There are national postal strikes planned for 26 and 31 August, 8 and 9 September. This will impact on the collection, sorting and delivery of parcels and letters across the UK, including for special delivery items. Please bear this in mind when liaising with customers regarding the return of Mortgage Deeds or Standard Security documents, ahead of planned loan completion dates.
For new case enquiries, please contact your Broker Relationship or Key Accounts Manager directly on 020 7031 1551, or email mortgage.enquiries@utbank.co.uk. For updates on cases already submitted to them please call 020 7031 1552, or upload existing documents through the mortgage portal at www.utbankmortgages.co.uk.