United Trust Bank launches Interest-only residential mortgage range

9 September 2020 | General

United Trust Bank has launched a range of interest-only residential mortgage products for purchase and remortgage.

Products have an LTV up to 75% loan-to-value, and start from 3.80% for a 2-year fix to 60% LTV.

Buster Tolfree, commercial director – mortgages, United Trust Bank, said: “Within this interest-only residential mortgage product range, we believe we’ve created a compelling offer for those borrowers who may not fit the strict tick-box approach of many mainstream lenders.

“Our common sense underwriting approach, pragmatic and rounded way of assessing borrower profiles and their security properties has made UTB an increasingly popular choice amongst specialist mortgage intermediaries and given additional options to those who may have found their choice of lenders somewhat restricted of late.

This post has originally been featured in Property Wire.