The specialist lender says income cover ratios will return to a minimum of 125% for basic rate taxpayers and limited companies and 130% for mixed tax band-paying applicants across all loan-to-value bands.  

Over the last six months of last year, the bank had lifted income cover ratios to 135% for all loans over 70% LTV.   

The firm says it now offers loans that have been reduced by as much as 130bps, starting at 5.34%, at up to 80% LTV for mortgages on single dwellings, houses in multiple occupation and multi-unit blocks.  

It adds that interest rates on all 2%, 3%, 4% and 5% product fee plans have been reduced.  

Highlights include:  

Standard — single dwellings  

• Two-year fixes from 5.34%  
• Five-year fixes from 5.74%  

Specialist — houses in multiple occupation and multi-unit blocks  

• Two-year fixes from 5.44%  
• Five-year fixes from 5.89%  

Non-Standard — holiday lets  

• Two-year from 6.97%  
• Five-year fixes from 7.20%  

The bank says its standard range covers all single dwelling houses and flats, including properties near commercial premises, high-rise apartments, or properties of non-standard construction.  

Its specialist range covers all houses in multiple occupation and multi-unit blocks up to 10 lettable rooms or units.   

The firm’s non-standard range caters exclusively for properties used as holiday lets and other similar short-term lettings.  

United Trust Bank sales and marketing director, mortgages, Caroline Mirakian says: “We’re responding to increasing confidence in the BTL sector by slashing rates and making it easier for landlords to access great value specialist BTL mortgages.  

“We lend on many property types and construction styles mainstream lenders won’t with no minimum on personal income and no credit scoring.  

“Our lower income cover ratios and increased maximum LTV are great news for landlords who want to take advantage of the sustained demand for rental properties and retain as much of their cash as they can to invest in developing their portfolios.”