United Trust Bank Mortgages has added a range of 90% loan to value (LTV) two, three and five-year fixed mortgage products to its specialist proposition.
The new products, suitable for first-time buyers, as well as those moving home and remortgaging, are available now and designed to enable brokers to help more customers who need higher LTV mortgages but fall outside of mainstream criteria due to their circumstances or property type.
The move is the first of a series of product and criteria enhancements UTB is planning to introduce this month as part of its ‘Get January Jumping’ campaign.
90% LTV highlights:
- 2, 3 and 5-year fixes
- FTB, home move and remortgage
- Available for mortgage terms of up to 40 years and for customers who will be up to 85 years old by the end of the term.
- Flexible criteria suit a wide range of customer profiles including those with complex and self-employed income and impaired credit history.
- Available for a wide range of properties including various non-standard construction types and those in unfavoured locations including high rise apartments and those near commercial properties.
Buster Tolfree, UTB’s director of mortgages, said: “We know how difficult it is for brokers to place higher LTV deals for their specialist customers so we think this new set of 90% products will help them get 2025 off to a great start.
“Even better is that this is just the first of a series of enhancements we’re making in January to make it even easier for brokers to recommend UTB mortgages to their customers. Look out for the next exciting installment coming very soon.”
