United Trust Bank Mortgages has added a range of 90% Loan to Value (LTV) two, three and five-year fixed mortgage products to its specialist range.
The new products, suitable for first time buys, home moving and remortgaging, are designed to enable brokers to help more customers who need higher LTV mortgages but fall outside of mainstream criteria due to their circumstances or property type.
The move is the first of a series of product and criteria enhancements UTB is planning to introduce this month as part of its ‘Get January Jumping’ campaign.
The 90% LTV options are available to for first time buyer, home mover and remortgage customers. And allow for mortgage terms of up to 40 years and for customers who will be up to 85 years old by the end of the term.
The products are available to a wide range of properties including various non-standard construction types and those in unfavoured locations including high rise apartments and those near commercial properties.
Commenting on the launch UTB director of mortgages Buster Tolfree said: “We know how difficult it is for brokers to place higher LTV deals for their specialist customers so we think this new set of 90% products will help them get 2025 off to a great start. Even better is that this is just the first of a series of enhancements we’re making in January to make it even easier for brokers to recommend UTB mortgages to their customers.”
