United Trust Bank Mortgages has announced rate reductions of up to 55bps across a selection of its Second Charge Loan product range with rates starting from 5.39%.
Super Prime Range
- 2yr Fixed from 5.89%
- 3yr Fixed from 5.79%
- 5yr Fixed from 5.39%
- 5yr Fixed with no ERCs from 6.35%
Prime Plus Plans
- 2yr Fixed from 6.49%
- 3yr Fixed from 6.39%
- 5yr Fixed from 5.74%
- 5yr Fixed with no ERCs from 6.40%
Earlier this year UTB introduced two new product tiers, Super Prime - designed for customers with no CCJs or defaults in the last 48 months, and Specialist - for customers with up to two CCJs and two defaults within the last 24 months.
The Bank also increased its maximum loan size to £1m (up to 80% LTV) and enhanced its AVM criteria up to 85% LTV. Unlimited overpayments are also allowed on all plans, with early repayment charges (ERCs) only applicable upon full redemption. Product fees were removed for loans below £40,000 and digital signing for mortgage deeds and direct debit mandates was introduced at the end of 2025.
Andrew Ferguson, Commercial Director – Mortgages, BTL & Bridging - United Trust Bank, commented: “These rate reductions, combined with product and criteria enhancements introduced earlier this year, give brokers and their customers even greater choice, flexibility and value for money when looking for a loan which offers both speed and versatility.”
