United Trust Bank (UTB) Mortgages for Intermediaries has made multiple enhancements and rate reductions across its BTL and second charge product range.
UTB has expanded its range of BTL plans — including 2%, 3%, 4%, and 5% product fee variants — and reduced the interest rates on its BTL standard range by 30bps.
The lender’s second charge Bank of England lifetime tracker rates have also been reduced by up to 75bps, with rates now available from base plus 3.14%.
Buster Tolfree, director of mortgages at UTB (pictured above), said: “Although some stability has returned to the mortgage market, inflation is still high and the outlook for the economy and the residential property market remains uncertain.
“At times like these brokers want to know that they can rely on their lenders to stand by them and do what they can to give them options.
“This isn’t the first time we have had to navigate a challenging environment — and it probably won’t be the last — but we have continued to lend, invest in great people and technology, and create products brokers can confidently recommend to their customers.”
