Secured lender and deposit taker, United Trust Bank (UTB) has applied for buy-to-let lending permissions ahead of plans to launch niche products for landlords in 2016.
The bank appointed director of specialist mortgages Robert Owen in April to spearhead and manage the move.
Owen’s previous roles include divisional director at Lloyds TSB, chief executive at Matlock Bank where in 2000 he founded London Mortgage Company.
The intermediary-only lender soft launched into secured loans in July this year through a select group of master brokers and joined the V Loans panel in November.
Robert Owen, director – specialist mortgages, United Trust Bank (pictured), said: “Our recently launched second charge mortgage has been very well received by the market and we are exploring further opportunities to extend our mortgage product range in 2016. We see excellent potential for a possible buy-to-let product, amongst others, with similar underwriting criteria backed by our personal service.”
UTB, incorporated in 1955, is a deposit taker and also provides asset finance, bridging finance, development finance, professional loans and technology finance.
Victoria Hartley is contributing editor at Mortgage Solutions, Specialist Lending Solutions, Your Money and Your Mortgage at London-based publishing company AE3 Media.
She has an MA in Radio from Goldsmiths after gaining a 2:1 in a Comparative American Studies BA at Warwick University. She also holds a TEFL qualification and taught overseas in Mexico and Japan from 1994 to 1997.
Her role includes editorial oversight of the news, analysis and features, event content management and strategic and editorial consultancy for the AE3 Media group. She is an experienced video, broadcast and live-event host and regularly chairs web and podcast debates and interviews.
Multiple award nominations have resulted in two wins: Santander Media Awards, trade journalist of the year and Headlinemoney Awards, mortgage journalist of the year (B2B). Here is one of the award-winning pieces: https://www.mortgagesolutions.co.uk/news/2011/07/21/exclusive-tale-bailey-fraud-witness/
Previous roles include editorships of Mortgage Solutions, consumer title What Mortgage and trade title Credit Today as well as a stint freelancing for a variety of outlets including The Guardian and Which? Money.
