United Trust Bank Strengthens Second Charge Mortgages with Unlimited Overpayments and Enhanced Flexibility

Major Update from United Trust Bank for Second Charge Borrowers

United Trust Bank (UTB), known for its innovative approach in the UK mortgage market, has announced a significant update to its second charge mortgage offerings. Borrowers can now make unlimited overpayments on their second charge loans, a feature that delivers increased freedom and control over mortgage repayments. This update is designed to give homeowners, landlords, and those consolidating debt more financial flexibility and potentially cost-saving advantages.

Latest Second Charge Mortgage Features & Benefits

The recent enhancements are not just limited to overpayment flexibility. UTB’s second charge mortgage products offer:

• Unlimited overpayments – Repay extra amounts at any time without penalty, helping you reduce interest and clear your loan sooner.
• Up to 90% Loan-to-Value (LTV) – Borrow up to 90% of your property’s value for greater borrowing power, even on non-standard construction properties.
• Maximum loan up to £1 million – Higher borrowing limits suitable for larger funding needs or high-value property owners.
• Market-leading rates – Competitive pricing across the range of second charge products.
• Married sole applicant cases accepted – Flexibility for married applicants to apply individually when required.
• Fee-free product options available – Reduce upfront costs with selected no-fee products.
• Debt consolidation funds paid directly to applicants – Making the consolidation process seamless and effective.

How These Changes Benefit UK Borrowers

The unlimited overpayment feature stands out for homeowners wanting the ability to reduce mortgage debt faster, without restriction. If your financial situation improves or you receive a lump sum, you can make extra payments and lower your interest costs over the life of the loan.

Key beneficiaries of these updates include:

• Homeowners seeking flexible repayment options
• Those consolidating unsecured debts (credit cards, personal loans) into a single manageable payment
• Borrowers with unique income, property, or personal circumstances who need bespoke underwriting
• Applicants needing high LTV solutions, including non-standard construction properties

Who Can Apply?

UTB’s criteria make these products suitable for a wide range of borrowers:

• Borrowers up to 90% LTV, with property types including non-standard construction
• Married individuals applying in their own name
• Those seeking loans up to £1,000,000
• Applicants requiring consolidation of debts, especially where funds paid directly simplify the process

Special Promotions and Unique Lending Approaches

Alongside unlimited overpayments, applicants can access fee-free product options, helping to reduce upfront costs. For debt consolidation purposes, UTB pays out funds directly to the applicant, simplifying administration. The inclusion of both standard and non-standard construction properties at up to 90% LTV widens accessibility for those with less typical homes.

Why Choose United Trust Bank for Your Second Charge Mortgage?

United Trust Bank is an award-winning UK lender recognised for its flexible approach and tailored solutions. The recent updates underline their commitment to:

• Providing market-leading, flexible second charge mortgage solutions
• Supporting complex circumstances and non-standard loan requirements
• Offering high LTV options for those needing maximum borrowing
• Delivering quick and direct funds for debt consolidation
• Empowering borrowers with the freedom to make unlimited overpayments

Take the Next Step: Expert Advice on Second Charge Mortgages

If you’re considering a second charge mortgage or need flexible borrowing for home improvements, debt consolidation, or investment property, these latest updates from United Trust Bank could be the ideal fit. Get in touch with our expert mortgage advisers today for a tailored, no-obligation consultation and find out how you could benefit from UTB’s flexible lending approach.

FAQs: United Trust Bank Second Charge Mortgage Update

• Who qualifies for UTB’s second charge mortgage?
  Borrowers up to 90% LTV, including those with non-standard construction properties or married sole applicants, are eligible subject to standard affordability checks.
• How does unlimited overpayment help me?
  Unlimited overpayments allow you to pay back your mortgage faster and reduce interest costs, without incurring early repayment penalties.
• Is United Trust Bank suitable for debt consolidation?
  Yes, UTB’s products are ideal for debt consolidation, especially as funds are paid directly to you and high LTV is supported.
• What if my property has non-standard construction?
  UTB accepts non-standard construction homes up to 90% LTV—a major advantage for less typical properties.
• How do I apply or check my eligibility?
  Contact our mortgage advisers for a personalised assessment or visit our second charge application for more information.