United Trust Bank Residential
Non-standard construction types: United Trust Bank is open to lending on properties that fall under non-standard construction types, such as timber-framed homes or properties with thatched roofs, which are often declined by mainstream lenders.
They are willing to lend on properties located near commercial premises, helping brokers secure funding for clients purchasing homes in more urban or mixed-use environments that other lenders may shy away from.
CCJs and Defaults – Recent credit issues like CCJs or defaults are considered, provided the borrower has a suitable explanation and has demonstrated an improvement in managing their finances. UTB takes a pragmatic view rather than applying strict automated declines.
Second charges – UTB is open to providing second-charge mortgages, which can be particularly useful for clients looking to release equity without disturbing their first-charge mortgage arrangements.
Low early repayment charges – UTB offers products with low ERCs, giving borrowers greater flexibility if they need to repay or restructure their mortgage earlier than anticipated.
