UTB Mortgages exceeds £2 billion lending milestone after record breaking first quarter

Published on

United Trust Bank Mortgages has topped off a record breaking first quarter of 2025 by exceeding £2 billion of total mortgage lending since launching into the sector.

Buster Tolfree (main picture), director of mortgages – United Trust Bank, said: “We set out to help brokers have a successful start to 2025 with rate drops, criteria enhancements and continuing to improve application processing and service through investment in technology.

“That activity has translated to record amounts of new business, and I’m delighted to say has rocketed us through the milestone of £2billion of lending well ahead of forecast.”

GREAT PRODUCTS

He added: “It took us seven years to lend our first £1billion of mortgages and at two and half years, it’s taken just under a third of that time to surpass £2billion. This fantastic growth is due to the hard work of the UTB team and the continued support of specialist mortgage brokers.

“For approaching a decade, we have always aimed to provide great products and excellent service, enabling brokers to take advantage of the growing specialist mortgage sector and to build their businesses. Smashing this milestone shows we must be getting something right!”

NEW BROKER API

UTB has announced a number of significant product and criteria enhancements already this year, including launching 95% LTV mortgage products and doubling its maximum mortgage size to £2million.

Most recently the lender launched a new Broker API allowing brokers to complete mortgage applications including running credit searches, checking affordability, uploading documents and running a DIP.

This further accelerates the speed and ease with which brokers can access and apply for UTB specialist mortgage products.

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

AR market consolidates as revenues rise despite fewer principal firms

The UK's appointed representative market is becoming more concentrated, with fewer principal firms overseeing...

Hodge broadens property lending criteria across residential ranges

Hodge Bank has expanded its property lending criteria, widening access to mortgage finance for...

GCC searches for UK homes rise 16%

Searches for UK residential property from Gulf Cooperation Council (GCC) investors increased by 16%...

Mortgage market still failing to understand freelancers

The mortgage market has yet to fully adapt to the growth of freelance and...

Hidden costs top Gen Z homebuying fears as millennials focus on repair bills

First-time buyers’ concerns are shifting significantly by age, with younger buyers focused on upfront...

Latest publication

Other news

AR market consolidates as revenues rise despite fewer principal firms

The UK's appointed representative market is becoming more concentrated, with fewer principal firms overseeing...

Hodge broadens property lending criteria across residential ranges

Hodge Bank has expanded its property lending criteria, widening access to mortgage finance for...

GCC searches for UK homes rise 16%

Searches for UK residential property from Gulf Cooperation Council (GCC) investors increased by 16%...