United Trust Bank (UTB) has reduced rates across its entire residential mortgage product range by up to 20 basis points and raised its maximum loan-to-income ratio to six times.

The new criteria and pricing, effective immediately, apply to all residential mortgage applications up to £1m and under 85% loan-to-value. The increase in maximum LTI brings UTB more closely in line with high street lenders, while its more flexible criteria are expected to appeal to brokers placing complex or specialist cases.

The rate cuts affect all three of the lender’s residential mortgage tiers—Prime-Plus, Prime and Near-Prime—with its most competitive pricing now starting from 5.54% for a two-year fixed rate on Prime-Plus, and from 6.89% on the Near-Prime range.

Buster Tolfree (pictured), director of mortgages at United Trust Bank, said: “This combination of even lower, more competitive rates and the higher maximum LTI allows us to do more to support brokers and their customers. There isn’t a lot of good financial news around at the moment, and so this move will be welcomed by brokers trying to place specialist cases at the upper end of LTIs and affordability and can be applied to larger loans too.”

Tolfree also pointed to a strong start to 2025 for the division, buoyed by the lender’s launch of a 95% LTV product and £2m maximum loan size earlier this year. “We’ve had a busy first quarter at UTB Mortgages,” he said.

“We will continue to support the specialist market with keen rates and competitive criteria and stay on course for a year of record growth in mortgage lending.”

UTB’s refreshed product guide indicates reductions across its tracker and fixed rate ranges, with the Bank of England lifetime tracker now starting from 2.19% above base on Prime-Plus, and from 2.34% on the Prime tier. Fixed options across all bands include two-, three- and five-year terms, as well as five-year deals with no early repayment charges.