United Trust Bank has increased its maximum loan size for residential first charge mortgages to £750,000.

The move is the latest in a series of enhancements to UTB’s service, application process and criteria. 

These changes are designed to help brokers write and complete more business when catering to borrowers with complex circumstances.

It follows the introduction of a new document upload system, online decision in principle (DIP) and automatic-underwriting system which provides brokers with real-time lending decisions in 4-5 minutes, 24 hours a day, 365 days a year.

UTB provide residential mortgages and second charge loans to customers with more complex circumstances, credit histories or requirements which often don’t fit the strict criteria of mainstream lenders. 

United Trust Bank director of mortgages Buster Tolfree says: “We’ve seen increasing demand for larger mortgage sizes catering for customers with circumstances which don’t fit the High Street’s restrictive credit criteria.

“ This increase to a £750,000 maximum loan size demonstrates the confidence we have in our more pragmatic approach to underwriting which is about looking at a customer’s overall situation rather than dismissing them for a blip or two on their credit history.

“This increase, together with our recent introduction of online DIPs and auto-underwriting, will further help brokers to place and complete more complex cases quickly and successfully.”