Its second charge mortgage range now offers five tiers of products to suit borrowers with clean credit as well as those with some adverse credit history.
The ‘super prime’ range is available up to 90% loan to value (LTV) to borrowers with no county court judgments (CCJs) or defaults in the last 48 months, while the ‘specialist’ range is available up to 80% LTV for borrowers with up to two CCJs and two defaults in the last 24 months.
The range includes reduced fees, with fees of £959 for loans below £60,000 and no fees up to £40,000 and online signatures through E-Deeds and E-DDM functionality.
The ‘prime’ range allows one CCJ or default in the last 24 months, and automated valuation models (AVMs) are available up to 85% LTV.
Andrew Ferguson, commercial director of mortgages, BTL and bridging at UTB, said: “These additions to our second charge range give brokers even more opportunities to help their customers and place more cases, particularly those who fall outside of mainstream lenders’ criteria because of their circumstances or property type. And with rates starting from just 5.39%, brokers can offer some cracking UTB deals.
The new-build energy advantage
Sponsored by Halifax Intermediaries
“This is yet another example of UTB finding new ways to enhance our offering, making it even easier for brokers to choose UTB for their specialist customers knowing we offer great service and excellent value for money. Watch out for more great enhancements coming soon.”
