United Trust Bank (UTB) Mortgages’ lending exceeded the £2bn mark in the first quarter of 2025, following a record-breaking period of activity.
This milestone follows several recent developments from the lender.
Earlier this year, UTB Mortgages launched 95% LTV mortgage products and doubled its maximum loan amount to £2m.
Most recently, UTB Mortgages launched a new broker API to accelerate mortgage applications.
Commenting on the growth, Buster Tolfree, director of mortgages at UTB (pictured above), highlighted that it took seven years for the lender to reach its first £1bn in lending, but 2.5 years to surpass £2bn.
Specifically, he attributed rate drops, criteria enhancements and continued work on the lender’s application rocession to “record amounts of new business” at the start of the year.
“This fantastic growth is due to the hard work of the UTB team and the continued support of specialist mortgage brokers,” added Buster.
“For approaching a decade, we have always aimed to provide great products and excellent service, enabling brokers to take advantage of the growing specialist mortgage sector and to build their businesses.
“Smashing this milestone shows we must be getting something right!”
