UTB cuts buy-to-let rates by up to 190bps

Published on

United Trust Bank has announced significant rate cuts across its buy-to-let mortgage range, reducing selected products by as much as 190 basis points.

The changes apply to mortgages for single-let, HMO, multi-unit block and holiday let applications, with the lender seeking to improve affordability and strengthen its appeal among professional landlords.

Under the revised pricing, standard two-year fixed rates now start from 3.89%, down from 5.69%, while five-year fixes begin at 5.19%.

The specialist range opens at 4.24% for two-year fixes and 5.49% for five-year deals, while non-standard products start at 4.69% and 6.14% respectively.

The move follows a series of enhancements made earlier in the year to United Trust Bank’s buy-to-let proposition, aimed at providing more flexibility for larger and more experienced landlords. These included removing the upper limit on total portfolio size, allowing up to six mortgaged properties with UTB, and raising the maximum total lending to £2.5 million.

Buster Tolfree, UTBBuster Tolfree, managing director for mortgages, buy-to-let and bridging at United Trust Bank, said: “These lower rates combined with our buy-to-let criteria enhancements will give brokers greater choice for their landlord clients who need the flexibility of a specialist lender without compromising on price.

“We help a wide variety of landlords seize opportunities to grow their single let, HMO, MUB and holiday let portfolios and find value in property types many lenders disregard.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

More2life opens route for lifetime mortgage cases requiring property repairs

More2life has formed an exclusive partnership with Verified Building Services to help lifetime mortgage...

Brightstar launches schools finance broker for independent sector

The Brightstar Group has launched Schools-Finance to help independent schools secure funding for property,...

UK residential property transactions fall in July as uncertainty weighs on market

UK residential property transactions declined in July on a seasonally adjusted basis as borrowing...

Zurich joins UnderwriteMe protection platform in limited rollout

Zurich has made its Personal Protection and Income Protection products available through UnderwriteMe's Protection...

Access FS targets adviser expansion in five-year growth plan

Access Financial Services has unveiled a five-year strategy to expand its adviser network, develop...

Latest publication

Other news

More2life opens route for lifetime mortgage cases requiring property repairs

More2life has formed an exclusive partnership with Verified Building Services to help lifetime mortgage...

Brightstar launches schools finance broker for independent sector

The Brightstar Group has launched Schools-Finance to help independent schools secure funding for property,...

It’s time to look at retention

As the summer winds down and the back-to-school routine kicks back in, I urge...