United Trust Bank has announced substantial rate reductions of up to 190bps across a selection of its BTL mortgage products for single let, HMO, MUB and holiday let applications. Pricing highlights are:

Standard range: 

◦           2yr fix from 3.89% – (reduced from 5.69%)

◦           5yr fix from 5.19% –

Specialist range: 

◦           2yr fix from 4.24%

◦           5yr fix from 5.49%

Non-standard range: 

◦           2yr fix from 4.69%

◦           5yr fix from 6.14%

UTB recently made a number of enhancements to its BTL mortgage proposition designed to give brokers more choice when supporting professional, larger landlord clients. These included:

•           No upper limit on landlord’s total portfolio size

•           Up to 6 properties can now be mortgaged with UTB

•           Maximum UTB lending increased to £2.5m

Buster Tolfree of UTB says: “These lower rates combined with our BTL criteria enhancements will give brokers greater choice for their landlord clients who need the flexibility of a specialist lender without compromising on price. We help a wide variety of landlords seize opportunities to grow their single let, HMO, MUB and holiday let portfolios and find value in property types many lenders disregard.”