The new products are the final offering in the bank’s #BrokerSummerSupportPackage campaign aimed at helping mortgage brokers write more business as they face challenges created by the pandemic.

Since in launched in July the campaign has offered increased LTVs for self-employed borrowers and has raised the amount of regular income included in affordability calculations.

It also enhanced criteria for professional contractors and launched a range of limited edition Second Charge products for customers with historic blips on their credit record.

UTB also made major digital changes in the shape of WebChat and the new ‘Secure Chat Hub’ smart phone App, which gives brokers and customers a secure way of communicating with the Bank during mortgage applications.

Buster Tolfree, commercial director of mortgages at United Trust Bank, said: “Within this ‘Interest Only’ residential mortgage product range, we believe we’ve created a compelling offer for those borrowers who may not fit the strict tick-box approach of many mainstream lenders.

“Our common sense underwriting approach, pragmatic and rounded way of assessing borrower profiles and their security properties has made UTB an increasingly popular choice amongst specialist mortgage intermediaries and given additional options to those who may have found their choice of lenders somewhat restricted of late.”

As well as a maximum 75% LTV (70% for downsizing), the new range  comes with two to five-year fixed rates including a no ERC option and it assesses affordability on interest-only monthly repayments.

Available for purchase and remortgage there is no minimum credit score and it is flexible on property construction types.

Multiple repayment vehicles are accepted including cash savings, pension lump sums and sale of investment property.