United Trust Bank Lowers Residential Mortgage Rates: New Options for UK Borrowers

United Trust Bank Announces Rate Reductions Across Residential Mortgages

United Trust Bank (UTB) has announced a significant reduction in interest rates across its Residential Mortgage product range, effective Monday, 4 August. This update brings a decrease of typically 10-20 basis points across popular mortgage products, presenting fresh opportunities for homeowners, property investors, and first-time buyers across the UK.

Key Residential Mortgage Rate Updates

The new rates are available for loan-to-value ratios up to 95% and loan sizes up to £2 million, catering to various borrower needs including purchase, remortgage, interest-only, and applications from unencumbered property owners. Here’s a summary of the latest rates:

• Prime-Plus Plans:
  • 2-year fixed: from 5.34%
  • 5-year fixed: from 5.54%
• Prime Plans:
  • 2-year fixed: from 5.79%
  • 5-year fixed: from 6.19%
• Near-Prime Plans:
  • 5-year fixed: from 6.99%
  • 5-year fixed (special): from 6.69%

These reductions place UTB’s products in a competitive position among UK mortgage lenders, offering appealing choices for a range of borrowing scenarios.

Updated Lending Criteria: Who Benefits?

Borrowers can take advantage of the newly reduced rates at up to 95% Loan-to-Value, making higher borrowing possible with a smaller deposit. The updated range covers:

• First-time buyers seeking achievable deposit requirements
• Existing homeowners looking to remortgage for better rates
• Buy-to-let and property investors through suitable products (criteria apply)
• Interest-only borrowers requiring flexibility
• Unencumbered property owners leveraging property value for new borrowing

The wide LTV and property value allowances, together with multiple borrower profiles (including those with more complex or ‘near-prime’ credit histories), make UTB’s criteria attractive in the current market.

Special Promotions and Unique Features

Some products are semi-exclusive and available only to members of the UTB Premier panel. These offerings may deliver additional value and flexibility, especially for clients seeking a more tailored approach. For further details and to access the full product guide, click here.

Why Choose United Trust Bank for Your Mortgage?

• Competitive rates—recent reductions create best-buy opportunities
• Wide eligibility—up to 95% LTV and loan sizes up to £2m
• Flexible solutions—interest-only, near-prime, and remortgage options
• Specialist support—tailored lending for complex cases

UTB is authorised by the PRA and regulated by the Financial Conduct Authority, ensuring regulatory confidence and responsible lending practices.

Next Steps: Speak to a Mortgage Expert

Are you interested in these new mortgage rates or want to know how the changes affect your personal circumstances? Contact our team today for bespoke advice—our mortgage experts can guide you through UTB’s criteria and help secure the best deal for your needs.

Frequently Asked Questions (FAQs)

• Who qualifies for United Trust Bank’s new residential mortgage rates?
  • Borrowers including first-time buyers, home movers, remortgaging clients, and those with near-prime credit may qualify, subject to UTB’s criteria and affordability checks.
• How do the new rate reductions affect my monthly repayments?
  • Lower rates can reduce your monthly payments. Exact savings depend on loan size, term, product, and credit profile–use our calculators or speak with an adviser for a precise quote.
• Are there flexible or specialist mortgage options available?
  • Yes, UTB offers interest-only, near-prime, and unencumbered products, plus exclusive options for Premier panel applicants.
• How do I apply or find out if I’m eligible?
  • Contact our mortgage advice team or visit UTB’s mortgage portal to check eligibility and start your application.