United Trust Bank (UTB) has announced it is increasing the maximum LTV available on its range of first and second charge residential mortgage products to 80%.
A ‘Near Prime’ residential mortgage product with a maximum 75% LTV has also been launched by the bank.
UTB commercial director – mortgages, Buster Tolfree, commented: “Throughout this year we have released a wide range of new products, criteria and digital enhancements to help mortgage brokers write more business whilst still dealing with the challenges presented by COVID-19.
“The feedback we received has been overwhelmingly positive and many brokers also suggested that a small increase in our maximum LTVs would give them additional opportunities.
“Although uncertainty surrounding the pandemic continues, UTB has decided to back brokers and their customers in these challenging times. We believe that the best way to get through this crisis is to work together, supporting brokers wherever possible.”
Latest News
-
Mortgages in arrears down in Q2 but possessions on the rise
-
Remortgage market ‘on the up’ – Twenty7tec
-
Financial Ombudsman Service consults on changing case fee structure
-
34 organisations back GFI’s mortgage lending roadmap
-
GDP grows by 0.3% in June
-
New IFA consolidator Absolute Financial Group launches
Helping the credit challenged get mortgage ready
A rising number of borrowers are finding it harder to access mortgages due to being credit challenged - whether that’s from historic debts, a county court judgment, or having little to no credit history.
In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.
In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.
Air and the role of later-life lending
Content editor at MoneyAge, Dan McGrath, spoke to the chief executive officer at Air, Will Hale, about the later-life lending industry, the importance of tailored advice and how technology and obligations have shaped the sector.
Inside the world of high net worth lending
The mortgage market continues to evolve, and so too does the answer to the question: what is a high net worth individual in today’s market? In this episode of the Mortgage Insider podcast, host Phil Spencer is joined by Stephen Moroukian, Head of Product and Proposition for Real Estate Financing at Barclays Private Bank, and Islay Robinson, founder and CEO of Enness Global. Together, they explore what brokers really need to know when supporting high net worth individuals.
The future of the bridging industry and the Autumn Budget
MoneyAge content editor, Dan McGrath, is joined by head of marketing at Black & White Bridging, Matt Horton, to discuss the bridging industry, the impact of the Autumn Budget and what the future holds for the sector.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories