United Trust Bank Mortgages for Intermediaries has cut interest rates on its second charge offers by up to 114 basis points on selected loan to value ratios. 

The specialist lender says its 0-Status five-year fixed-rate product, without an early repayment charge has been reduced to 8.5% from 9.64%, for loans up to 65% LTV. 

Its 0-Status, five-year fixed-rate deals are now: 

• 8.10% up to 65% LTV 
• 8.40% up to 70% LTV 
• 8.65% up to 75% LTV 

Its 0-Status, five-year fixed-rate loans, without early repayment charges, are now: 

• 8.50% up to 65% LTV 
• 8.80% up to 70% LTV 
• 9.20% up to 75% LTV 

United Trust Bank sales and marketing director, mortgages, Caroline Mirakian says the move is “good news for brokers and customers who are trying to secure the best deals to help them fund home improvements, consolidate debts to make their outgoings more manageable or release equity from their homes for a myriad of other reasons”.