High-LTV fixed products introduced by United Trust Bank

January 18, 2025 by Brendan O'Neill

Lenders

A number of new fixed rate products with high loan to value (LTV) have been introduced by United Trust Bank, forming part of its wider range of specialist loans.

These new mortgages include five, three and two-year fixes, and the LTV for them all is 90%. They are available for people who are seeking to buy for the first time, as well as those looking to move house and remortgage borrowers. United Trust Bank is stating that they are being targeted at people who require loans with high LTV, but who are ineligible for more standard mortgages.

Potential reasons for that ineligibility include the type of home they wish to buy and their personal financial situations. The bank is also arguing that the launch of this product slate will assist mortgage advisors as they try to find suitable loans for such clients.

United Trust Bank has indicated that it will make a series of changes to its criteria and slate of products over the course of the month, with this announcement being the first. It has called that plan ‘Get January Jumping.’

The mortgages director at the bank, Buster Tolfree, told Mortgage Strategy that:

“We know how difficult it is for brokers to place higher LTV deals for their specialist customers so we think this new set of 90% products will help them get 2025 off to a great start.”

It is certainly news that most advisors with CeMAP training will consider welcome and shows again that specialist lending is on the rise.