United Trust Bank (UTB) Mortgages is now offering free valuations on residential mortgages to its UTB Premier Club members.

UTB launched its Premier Club in April this year inviting a select group of mortgage packagers to access a range of semi-exclusive rates, criteria and features available to brokers using packager’s services for specialist mortgage applications.

In June, UTB increased its maximum loan to income (LTI) criteria to 6X on all residential mortgages up to 70% LTV. Now, all residential first charge applications, including purchase, remortgage, FTB and unencumbered, received through Premier Club members benefit from a free valuation instructed through Pure Panel Management, saving customers £300 on average.

Buster Tolfree (pictured), director of mortgages – United Trust Bank, said: “This is another great benefit for Premier Club members and brokers who use them to support their specialist mortgage applications. With access to semi-exclusive preferential rates, criteria and features, brokers can get even better deals and place even trickier cases for their customers whilst benefitting from the knowledge and experience of packagers who know specialist mortgages inside out.

“At UTB we are committed to supporting the broker market using innovative initiatives to increase access to mortgages for customers who aren’t best served by mainstream lenders. As the market continues to evolve, with issues like adverse credit affecting more and more people, it’s a sector of the house buying population which is only getting bigger.

“As these customers often need more help and advice, this presents a great opportunity for brokers and lenders operating in the specialist space.”