Get January Jumping
This January we’re giving our brokers a welcome boost by launching a series of product and criteria enhancements across our residential ranges. Whether it be for a first-time buy, a home move or a remortgage these new releases will give a boost to your customers’ affordability options, borrowing potential and loan scope, over the coming weeks.
See below for details.
Boosting buying power – LTV Lift Off at 90%
We have expanded our residential mortgage product range to include two, three and five year 90% loan to value residential products. Whether it be for a first-time buy, a home move or a remortgage, these 90% products are available now and designed to help you find great solutions for more of your customers.
Boosting Affordability – enhanced income criteria for first and second charge products
Employed customers:
- UTB now accept 75% of regular overtime, commission and bonus, with
- latest 2 payslips and P60.
- Simply key full amount into the Portal, the rest is done for you!
Self-employed customers:
- Applicants share of Net profit now used for income.
- Contractors now based on daily rate x 5 x 48 weeks.
Pensions and trusts:
- UTB will now use 5% of the capital as income.
- We will ignore year end lump sum pension contributions.
