United Trust Bank (UTB) has reduced pricing across its entire buy-to-let (BTL) product range by as much as 0.4%.
UTB said the changes were live with immediate effect and applications submitted on previous BTL products will be honoured as long as an offer is issued before 31 October.
Reductions apply to products with 2%, 3%, 4% and 5% fee options across the lender’s standard, specialist and non-standard BTL deals.
UTB’s rates for mortgages against a single dwelling on an assured shorthold tenancy (AST) start from 5.69% for a two-year fixed deal and 5.29% for a five-year fix.
For specialist houses in multiple occupation (HMOs) and multi-unit blocks (MUBs) up to 10 rooms or units, two-year fixed rates begin from 5.69% and five-year fixes start from 5.44%.
For non-standard holiday let properties, rates begin from 7.25% for a two-year fixed deal and 7.05% for a five-year fix.
Buster Tolfree (pictured), director of mortgages at UTB, said: “Last week’s base rate cut was welcome news for all mortgage borrowers, both in terms of reducing repayments but also helping to address the affordability gap. We have moved quickly to pass on the lower rates now available in the market and will follow up with more announcements on other products in UTB’s mortgage range soon.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
