United Trust Bank Reduces Residential Mortgage Rates: New Lower Fixed Rates Across Prime and Near-Prime Products

Introduction: Lower Residential Mortgage Rates from United Trust Bank

United Trust Bank (UTB) has announced a reduction in interest rates across its entire Residential Mortgage product range, effective from Monday, 4 August.

These updates bring more competitive borrowing options to UK homeowners and prospective buyers, with rates dropping by 10–20 basis points. Whether you’re buying, remortgaging, or looking for interest-only and unencumbered options, UTB’s refreshed rates could make a meaningful difference to your monthly payments.

New Rate Highlights: Fixed-Rate Mortgages Across Multiple Profiles

UTB’s updated Residential Mortgage range applies to loans of up to 95% Loan-to-Value (LTV) and a maximum size of £2 million. The new rates span a variety of plans, including Prime-Plus, Prime, and Near-Prime profiles. Here are the headline rates for typical applicants:

• Prime-Plus Plans:
  • 2-year fixed rates starting from 6.19%
  • 5-year fixed rates starting from 5.69%
• Prime Plans:
  • 2-year fixed rates starting from 7.29%
  • 5-year fixed rates starting from 5.94%
• Near-Prime Plans:
  • 5-year fixed rates starting from 8.59% and 6.99% (for certain profiles)

To view the full list of products and features, see the complete product guide on UTB’s website.

Updated Criteria and Borrower Benefits

The reduced rates are available to a broad range of residential borrowers, with the following highlights:

• Loans up to 95% LTV accommodate smaller deposit buyers, including first-time buyers.
• Maximum loan amount: £2 million, suitable for higher-value properties.
• Product range supports house purchase, remortgage, interest-only, and unencumbered scenarios.
• Multiple borrower types: including those with excellent, good, or recent credit issues (“prime” and “near-prime” plans).

These criteria updates mean more applicants—especially those with less-than-perfect credit—may qualify for competitive fixed-rate deals from UTB.

Special Features and Promotions

Certain products, such as Semi Exclusive options, are available exclusively through members of the UTB Premier panel. This adds another layer of potential flexibility and value for borrowers using a UTB-approved mortgage broker.

UTB’s mortgage product range is designed to support a variety of borrower needs—with options for first-time buyers, those seeking debt consolidation, home improvement mortgages, or remortgaging to a better rate.

Why Choose United Trust Bank for Your Mortgage?

• New lower rates from 4 August put UTB among the more competitive lenders for fixed-rate residential mortgages in the UK.
• Wide eligibility criteria, including support for complex credit and high LTV cases.
• Dedicated sales and support team for mortgage applicants and brokers.
• Flexible range for diverse borrowing needs—purchase, remortgage, and more.

Conclusion: Find Out If You Could Save on Your Mortgage

If you’re considering a house purchase, remortgage, or are looking for a more suitable mortgage product, UTB’s freshly reduced rates could offer significant savings. To find the best product for your circumstances and get specialist advice, contact our expert team today for personalised guidance and next steps.

FAQs: United Trust Bank Mortgage Rate Reduction

• Who qualifies for the new rates?
  Most UK residential borrowers, including first-time buyers, remortgagers, and applicants with varying credit profiles, can apply—subject to eligibility and affordability checks.
• How much could I save with these lower rates?
  Monthly payments may decrease depending on your loan size, term, and which product you qualify for; get in touch for a full repayment illustration.
• Are these rates only for new customers?
  These rates are available for new residential mortgage applications—including house purchase, remortgage, interest-only, and unencumbered scenarios.
• How do I apply or check my eligibility?
  You can start your application or check eligibility by contacting our mortgage specialists or visiting the UTB mortgage portal.
• What does “prime”, “prime-plus”, and “near-prime” mean?
  These terms describe your credit status—prime for excellent, prime-plus for strong, and near-prime for those with recent minor credit issues. Criteria varies by product.