United Trust Bank (UTB) has launched a range of first-time buyer residential mortgage products with rates from 3.80%.

Key features of UTB’s new first-time buyer range includes a maximum of 80% LTV and £500,000 loan size, a minimum £25,000 income and a maximum LTI of 4.50.

The product requires a minimum property value of £100,000, and is available for gifted deposit, gifted equity and purchase at undervalue.


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The launch is the latest of a raft of new product launches and service and criteria enhancements introduced by UTB in the past 12 months as it continues to develop its first and second charge specialist mortgage proposition.

Buster Tolfree, commercial director – mortgages, UTB (pictured), said: “This is yet another step towards UTB offering a full suite of specialist mortgage products catering for customers requiring a bespoke underwriting approach rather than the sausage-factory attitude of more generic credit-score based high-street lenders.

“Brokers are increasingly discovering why UTB is a becoming a lender they should consider for cases needing more flexibility and common sense underwriting than mainstream lenders can deliver.

“We’ve supported brokers throughout the pandemic and their feedback on the development of our product range and technology-led service has been overwhelmingly positive. We’re looking forward to another busy year and more exciting changes to come.”