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United Trust Bank launches First Time Buyer Mortgages

United Trust Bank launches First Time Buyer Mortgages

United Trust Bank (UTB) has launched a range of First Time Buyer (FTB) residential mortgage products with rates from 3.80%.

Key features of UTB’s new FTB range include:

  • Max 80% LTV and £500k Loan Size
  • 2yr, 3yr and 5yr fixed rates from 3.80%
  • Minimum £25k Income, Maximum 4.50 LTI
  • Minimum £100k property value
  • Available for Gifted Deposit, Gifted Equity and Purchase at Undervalue

The launch is the latest of a raft of new product launches and service and criteria enhancements introduced by UTB in the last 12 months as it continues to develop its first and second charge specialist mortgage proposition.

Buster Tolfree, Commercial Director – Mortgages, United Trust Bank, commented: “This is yet another step towards UTB offering a full suite of specialist mortgage products catering for customers requiring a bespoke underwriting approach rather than the sausage-factory attitude of more generic credit-score based high-street lenders. Brokers are increasingly discovering why UTB is a becoming a lender they should consider for cases needing more flexibility and common sense underwriting than mainstream lenders can deliver.”

“We’ve supported brokers throughout the pandemic and their feedback on the development of our product range and technology led service has been overwhelmingly positive. We’re looking forward to another busy year and more exciting changes to come.”



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