United Trust Bank has announced that it has passed the £1bn mark in specialist mortgage lending.
The total includes first and second charge residential mortgages across the bank’s product range and follows 50% year-on-year growth in new mortgage lending between 2020 and 2021.
UTB highlighted that its mortgage division, now known as UTB Mortgages for Intermediaries, launched in 2015 with a limited range of second charge mortgages designed to cater for more complex customers underserved by mainstream lenders. The bank has since developed this proposition to include residential first charge mortgages for home purchases and remortgages, including interest only and first-time-buyers.
The bank also recently announced the appointment of Barry Luhmann to develop and launch a buy-to-let proposition based on the same application platform.
UTB director of mortgages, Buster Tolfree, commented: “This is a fantastic achievement, made possible by a great team of people who’ve worked incredibly hard to earn UTB a seat at the specialist mortgage table. UTB residential mortgage and second charge loans are now accessible through every major network, club and distributor and our range continues to develop and evolve.
“Introducers are our lifeblood and we’ve focused on building strong and enduring relationships with brokers founded on a compelling product range and utilising innovative digital processes to unleash our greatest resource; our people, to do what they do best; adding value and delivering an outstanding service to our brokers and customers.”
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