United Trust Bank (UTB) Mortgages has wrapped up a week of significant service and criteria enhancement announcements across its residential mortgage and second charge loan range, with all the changes designed to simplify and accelerate application to offer journeys for brokers and customers.
This week the specialist mortgage lender announced:
Consent to Follow Introduced for Second Charge Loans
UTB now progresses Second Charge applications to completion with Consent to Follow accepted where the first charge is with one of 20 listed lenders. This change removes one of the most common delays in packaging and means customers can complete faster without waiting for first charge consent upfront.
Historic Adverse – No Explanations Required
Written explanations for historic adverse are no longer needed for UTB’s Super Prime, Prime Plus or Prime applicants — reducing back‑and‑forth and accelerating underwriting.
Additional BTL Properties – Clearer Assessment
We are now only verifying 50% of the BTL portfolio in a personal name.
New Build – Re‑Inspections Removed (Where Valuation Figure Provided)
Where a valuation report includes a valuation figure, UTB is now happy to rely on the New Build Warranty certificate, removing cost and delay associated with re‑inspections.
Also unveiled was a new streamlined Accountants Certificate document, reduced from five pages to two and enhancements to bonus income assessments, applicants in probation criteria, post benefit affordability and Deeds of Consent / Occupiers Waivers.
