Compare United Trust Bank Loans from FCA-Approved Lenders

United Trust Bank (UTB) is a UK lender with many years of experience in second charge mortgages. The bank has a unique place among other UK lenders. Unlike some, UTB is a regulated bank. This means you get the reliability you want from a main lender. Still, UTB also gives you more flexible options that you often see from a specialist finance provider.

UTB is a bank that has been checked and approved by the Financial Conduct Authority and the Prudential Regulation Authority. Because of this, UTB must also follow the main rules set by the Bank of England. That means the bank has to stick to the policies about interest rates and the rules for lending money.

To get a secured loan from UTB, you will usually need to do these things:

• You must be at least 21 years old. You also must not be older than 80 years by the end of your loan time.
• You need to own a home in the UK. The home has to have some value left in it.
• You must already have a standard mortgage.
• You have to show your income. You also need to provide your credit report and your contact information like your email and phone.
• You need to give facts about your current job and if you are working.
• You have to be able to pass checks that look at your money situation and your individual circumstances.

UTB interest rates may not be the same for everyone. The rate you get will depend on your credit report and how much equity you have. It also takes into account what you can afford.

• UTB can give lower interest rates to borrowers who have a strong profile. The interest rates from UTB may be better than what you get from other lenders.
• The interest rates are shown as an annual percentage rate (APR). This helps you see the total cost of your loan for the entire term.
• Borrowers who have poor credit or who are in tough situations might need to pay higher interest rates.

All rates be based on your own situation. The value of your property is also important. What the Bank of England sets for the market will affect this too.

The UTB application often moves through these steps:

1. First, send your enquiry to let us know what you want to borrow. You should also give your contact info. This includes your phone number and email.
2. Next, share your documents. You will need to give your ID, proof of address, credit report, and income details.
3. UTB does affordability checks at this stage. They look at your personal circumstances to see if you can afford the loan.
4. A valuation of your property may be set up. A professional can do this, or it can be done by an automated method.
5. If you get approved, UTB will send you a loan offer. You can see the applicability of all terms, including the APR and any early redemption charges.
6. Once you accept, UTB sends the money through a bank transfer.

Applications usually take about two to four weeks. But if you use an automated valuation, it can go faster.

United Trust Bank is not like other banks in the UK. It works as a UK bank and as a lender at the same time. united trust bank follows all UK rules. It is also a lender for second charge mortgages. This helps borrowers feel that they can trust the bank's strength. The bank also has more flexible ways to look at loans than some big UK lenders do.

• UTB lets you borrow more than many other banks, with loan amounts that can be as high as £500,000.
• You have more ways to pay back the money, with repayment terms that can last up to 30 years.
• UTB looks at each loan request on its own. This helps people who have bad credit or face different personal circumstances.
• The interest rates at UTB change based on the Bank of England. So, the rates can be good, especially if you have strong equity and a good credit record.
• It may take a little longer for UTB to approve loans because they check things closely. But this process is better than what you find with some other lenders that are not banks.

Free Price Compare teams up with UTB and other broker partners. They work with you to help you get what you need.

• You can compare UTB with many other lenders on one site.
• It lets you see both mainstream lenders and special banks together.
• You are able to check if you can get the loan. This check does not hurt your credit report.
• You will see clear and simple info about APR, fees, and the amortisation for repayments.
• You will get help from an independent expert who will answer any queries you have.

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