United Trust Bank has introduced new ‘Super Prime’ and ‘Specialist’ second charge product ranges alongside a series of rate changes.

The second charge range now has five product tiers to support broader customer circumstances.

The Super Prime product is available up to 90% LTV for customers with no defaults or CCJs in the past 48 months. Rates start from 5.39% for a five-year fix to 60% LTV, with loan sizes from £10,000 to £1 million.

The Specialist option is available up to 80% LTV, for those with up to two defaults and two CCJs within the past 24 months. Rates start from 7.69% for a five-year fix from 60% to 70% LTV on loans from £10,000 to £1 million.

The new products have reduced fees and unlimited overpayments. Loans of less than £60,000 have a £595 fee, and loans up to £40,000 have no fee.

United Trust Bank commercial director of mortgages, buy-to-let and bridging Andrew Ferguson said: “These additions to our second charge range give brokers even more opportunities to help their customers and place more cases, particularly those who fall outside of mainstream lenders’ criteria because of their circumstances or property type. And with rates starting from just 5.39%, brokers can offer some cracking UTB deals.”