United Trust Bank (UTB) has reduced rates across a selection of its second charge mortgage products by up to 55 basis points, with new pricing starting from 5.39%.

The lender said the changes apply across both its Super Prime and Prime Plus product ranges and are designed to strengthen the competitiveness of its second charge offering for brokers and their clients.

Under the revised pricing, UTB’s Super Prime range – aimed at borrowers with clean recent credit histories – now includes 2-year fixed rates starting from 5.89%, 3-year fixes from 5.79%, and 5-year fixes from 5.39%. A 5-year fixed option with no early repayment charges (ERCs) is available from 6.35%.

Within the Prime Plus tier, rates now start from 6.49% for a 2-year fixed product, 6.39% for a 3-year fixed and 5.74% for a 5-year fixed. A 5-year fixed product with no ERCs begins from 6.40%.

The reductions follow a series of product and criteria enhancements introduced earlier this year as UTB continued to expand its presence in the specialist and second charge markets.

MORE FLEXIBILITY

Andrew Ferguson (main picture), commercial director for mortgages, buy-to-let and bridging at United Trust Bank, said the latest pricing changes were intended to provide brokers with greater flexibility.

He added: “These rate reductions, combined with product and criteria enhancements introduced earlier this year, give brokers and their customers even greater choice, flexibility and value for money when looking for a loan which offers both speed and versatility.”

Mortgage Soup revealed yesterday how UTB had reported operating income of £176m for the year to 31 December 2025, up 7% on the previous year, as lending volumes continued to rise.