United Trust Bank (UTB) Mortgages for Intermediaries has reduced rates by up to 40 bps across its entire BTL product range.
These changes are live with immediate effect with applications sold on older products honoured, providing an offer is issued before the 31st October.
The rate reductions apply to all the lender’s BTL products, including its 2%, 3%, 4% and 5% product fee options across UTB’s standard, specialist and non-standard plans.
Following the changes, UTB’s BTL products are priced from:
5.69% for two-year standard fixes for single dwellings on an AST
5.29% for five-year standard fixes for single dwellings on an AST
5.69% for two-year specialist fixes for HMO and MUBs up to 10 rooms or units
5.44% for five-year specialist fixes for HMO and MUBs up to 10 rooms or units
7.25% for two-year non-standard fixes for holiday lets
7.05% for five-year non-standard fixes for holiday lets
Buster Tolfree, director of mortgages at UTB (pictured above) commented: “Last week’s base rate cut was welcome news for all mortgage borrowers, both in terms of reducing repayments but also helping to address the affordability gap.
“We have moved quickly to pass on the lower rates now available in the market and will follow up with more announcements on other products in UTB’s mortgage range soon.”
