Monday, October 16, 2023
Get in touch
YBS Commercial simplifies buy-to-let valuations
Capitalrise complete £6.5m development loan for luxury dwelling in Mayfair
Atom bank cuts commercial mortgage rates
United Trust Bank Mortgages for Intermediaries has restructured its buy-to-let product range, simplifying the choice for brokers and reducing rates across the range.
The lender has made some fundamental changes to how different property types fit into its standard, specialist and non-standard product categories.
Several property types have been moved into the standard category and subsequently eligible for rates up to 2.35% pa lower than previously. United Trust Bank’s standard buy-to-let range will now cater for all single dwelling houses and flats. This includes properties situated near commercial premises, high rise apartments or properties of non-standard construction, as a result customers can now benefit from significantly lower interest rates.
UTB’s specialist range will now cover all HMOs and MUBs up to 10 lettable rooms or units. As large HMOs/MUBs of 7-10 rooms/units were previously placed in the non-standard range, landlord borrowers with larger letting properties can now benefit from savings of up to 1.45%. The non-standard range will now cater exclusively for properties utilised as holiday lets and other similar short-term lettings.
Call Trinity Specialist Finance to secure funding on 020 7016 6151 or book a consultation
Share on:
Aaron has been quoted in
