Specialist lender United Trust Bank has reduced rates and introduced new products to its residential, buy-to-let and second charge product range.

A range of new Bank of England lifetime trackers has been added with rates starting from base +2.64% for purchase, remortgage, and interest only borrowers as well as for mortgage prisoner and unencumbered customers.

UTB has also reduced its second charge BoE lifetime tracker rates by up to 75bps with rates now available from Base +3.14% and has expanded its range of BTL plans, including 2%, 3%, 4% and 5% product fee variants and reduced the interest rates on its BTL standard range by 30bps.

United Trust Bank director of mortgages Buster Tolfree says:  “It’s not easy out there for brokers at the moment and we’re always looking for ways to support our introducers and help them to keep writing business.

“Although some stability has returned to the mortgage market, inflation is still high and the outlook for the economy and the residential property market remains uncertain. At times like these brokers want to know that they can rely on their lenders to stand by them and do what they can to give them options. Expanding our range and reducing our interest rates is good news for brokers and their clients.”

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