United Trust Bank (UTB) has announced it is increasing the maximum LTV available on its range of first and second charge residential mortgage products to 80%.
A ‘Near Prime’ residential mortgage product with a maximum 75% LTV has also been launched by the bank.
UTB commercial director – mortgages, Buster Tolfree, commented: “Throughout this year we have released a wide range of new products, criteria and digital enhancements to help mortgage brokers write more business whilst still dealing with the challenges presented by COVID-19.
“The feedback we received has been overwhelmingly positive and many brokers also suggested that a small increase in our maximum LTVs would give them additional opportunities.
“Although uncertainty surrounding the pandemic continues, UTB has decided to back brokers and their customers in these challenging times. We believe that the best way to get through this crisis is to work together, supporting brokers wherever possible.”
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