Lender Profile
United Trust Bank (UTB) Secured Loans
UK challenger bank with a competitive second charge mortgage division for prime borrowers.
About United Trust Bank (UTB)
United Trust Bank (UTB) is a UK challenger bank with a full UK banking licence, operating across asset finance, bridging, development finance, and second charge mortgages. Their second charge division is positioned for prime borrowers — clean credit, good affordability, and standard residential property — with rates that benefit from UTB's bank funding base.
UTB lends up to £500,000 on standard residential second charge cases with higher amounts considered on a referral basis. Their pricing is typically among the more competitive on our panel for clean credit at low-to-mid LTVs, sitting alongside Selina Finance as a prime market choice.
Underwriting is human-reviewed and benefits from the bank's relationship-driven approach. Decisions in principle are typically issued within 24–48 hours. Most cases complete in 3–4 weeks.
Product range: Second charge mortgages on 2-year and 5-year fixed rates with variable revert. Clean credit focus. Higher loan sizes available, suitable for capital raising and large consolidation.
Best for
- Clean credit borrowers chasing competitive rates from a bank-backed lender
- Larger loans up to £500,000 — capital raising, large debt consolidation
- 5-year fixes where rate stability and a banking counterparty matter
- Borrowers preferring an FCA-authorised UK bank over specialist lenders
Key facts
- Established
- 1955 (UTB founded as a UK bank)
- Parent Company
- United Trust Bank Limited (FCA FRN 204463)
- Min Loan
- £15,000
- Max Loan
- £500,000 (higher by referral)
- Max Term
- 30 years
- Max Ltv
- 75% combined (prime products)
- Fee
- £995–£1,495 arrangement fee, tiered by loan size
- Credit Tier
- Clean credit
- Rate Structure
- 2-year and 5-year fixed, then variable revert
- Completion
- Typically 3–4 weeks
- Property Eligibility
- Standard UK residential property in the applicant's name. Combined LTV capped at 75% on prime products. Higher LTV reviewed case-by-case.
Pros
- +Full UK banking licence — institutional counterparty backing
- +Competitive 5-year fixed rates for prime cases
- +High maximum loan size — £500,000 with higher by referral
- +Strong on capital raising and large consolidation cases
Cons
- −Clean credit only — no adverse credit appetite
- −75% combined LTV cap on prime products — limited above that
- −Minimum loan £15,000 — not suitable for smaller borrowing needs
United Trust Bank (UTB) FAQs
What rates does United Trust Bank offer on secured loans?
United Trust Bank secured loan rates typically start from around 6.50% APR for a 5-year fix on clean credit at sub-65% LTV — among the more competitive on our panel for prime cases. Rates progress with LTV up to 75% combined. UTB does not lend on adverse credit cases. Rates are subject to change — your adviser will confirm current pricing.
What is a representative example for a United Trust Bank secured loan?
Representative example for a £50,000 secured loan over 120 months at 6.50% APR fixed for 5 years (7.30% variable thereafter): monthly repayment £568.18, total loan repayments £68,181.60, UTB arrangement fee £1,295, Charles Frank Finance broker fee £2,495. Total amount payable £71,971.60. Total charge for credit (interest plus fees) £21,971.60. Representative APRC 7.6%. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
What property eligibility does United Trust Bank require?
Standard UK residential property in the applicant's name with a current first charge mortgage and clean credit conduct. Combined LTV capped at 75% on prime products. Non-standard construction or higher LTV cases reviewed by referral only. A property valuation is required.
Is United Trust Bank a real bank?
Yes — United Trust Bank is a full UK challenger bank, established in 1955 and authorised by the Prudential Regulation Authority and regulated by the FCA (FRN 204463). Unlike most specialist secured loan lenders, UTB has a UK banking licence, which means deposit-funded lending and the counterparty backing of a regulated bank.
Apply for a United Trust Bank secured loan
We'll match your case against United Trust Bank's criteria first — and the rest of our panel — to find the cheapest fit.