Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

UTB Cuts Residential Mortgage Rates and Launches High LTV Products

United Trust Bank (UTB) has reduced its residential mortgage rates by up to 100 basis points and introduced new high loan-to-value (LTV) products. The new rates and products are available for both Super Prime and Prime Plus borrowers.

UTB’s new residential mortgage rates start from 5.24% for two-year fixed deals for Super Prime customers. Three- and five-year fixed rates for Super Prime borrowers both start from 5.39%. For Prime Plus customers, two-year fixed rates start from 5.44%, while three- and five-year fixes start from 5.59%.

The lender has also launched new products at 90% LTV, with a maximum loan size of £750,000, and at 95% LTV, with a maximum loan size of £500,000. These products are available to both Super Prime and Prime Plus borrowers.

The changes are part of UTB’s ongoing development of its residential mortgage offering. The new rates and higher-LTV products may be of interest to letting agents and inventory clerks monitoring mortgage trends and affordability for tenants and buyers.