United Trust Bank has flexible criteria for both employed and self-employed clients and does not credit score
MCI Mortgage Club has added specialist lender United Trust Bank to its panel.
United Trust Bank (UTB) lends on first and second charge mortgages up to £500,000 and will consider non-prime customers and non-standard construction property types.
The bank has flexible criteria for both employed and self-employed clients and does not credit score.
Last August, the lender launched a Secure Chat Hub app for brokers and customers to communicate securely with the bank during mortgage applications.
The app runs complete security checks using facial recognition for ID verification, it can upload documents and accepts e-signatures.
MCI Mortgage Club head Melanie Spencer says: MCI and UTB share a passion for technology, which is at the heart of both of our businesses. Our CRM [customer relationship management] system and digital mortgage platform includes full integrations with third-party partners to cover the whole mortgage journey and was built by our sister company eKeeper.
The head of the Bristol-based Club adds: The partnership with UTB extends our reach into second charge and brings our members more choice for specialist mortgages including residential, bridging and development finance.
United Trust Bank sales director – property intermediaries Mike Walters adds: We offer first and second charge mortgages to a variety of customers in all sorts of circumstances and for a wide range of uses. Because our decisions aren’t dictated by credit scores and because we understand quirky property types, we can often complete cases which wouldn’t be considered by many lenders.
He said: Our investment in technology has made it easy for brokers and their clients to communicate and complete business with us quickly and securely. Our online decision in principle ensures everyone experiences a quick, smooth and successful journey from application to completion.
The specialist lender says the products range from a maximum 80 per cent loan to value (LTV) and have a loan size of up to £500,000, with a minimum property value of £100,000.
