United Trust Bank (UTB) Mortgages has reduced rates by up to 1% and launched new 90% and 95% loan-to-value (LTV) mortgages for super prime and prime plus borrowers.

Residential mortgage rates now start at 5.24%, with new lending available up to 95% LTV and maximum loan sizes of £500,000.

Products are also available up to 90% LTV with maximum loan sizes of £750,000.

For its super prime range, two-year fixed rates now start at 5.24%, three-year fixed rates 5.39% and five-year fixed rates 5.39%.

For its prime plus range, two-year fixed rates start at 5.44%, three-year fixed rates 5.59% and five-year fixed rates 5.59%.

In addition, it has also revised pricing across several prime, near prime and specialist residential mortgage products.

Andrew Ferguson (pictured), commercial director – mortgages, BTL and bridging at United Trust Bank, said: “The specialist residential market continues to evolve and brokers need lenders able to combine competitive pricing with the flexibility to support customers whose circumstances don’t always fit standard lending criteria.

“These latest changes reinforce our commitment to helping brokers place more business with UTB.

“Alongside significantly reduced rates, we’ve introduced higher LTV products to help customers with smaller deposits access home ownership whilst continuing to provide the relationship-led service and pragmatic underwriting our broker partners value.

“This is another important step in the ongoing development of our residential proposition and forms part of our wider programme of investment across mortgages, buy-to-let, bridging and second charge lending.”