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Residential Remortgage [Semi Exclusive]

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Specialised MortgagesPackager Product Guide

United Trust Bank offers a range of specialist remortgage products, designed to accommodate thosecustomers who do not meet the ‘one-size-fits-all’ approach of a minimum credit score or automatedprocess. Our specialist underwriters will individually assess each application on its merits, aiming to fulfilthe needs of customers wishing to raise capital for a variety of purposes.

RANGE HIGHLIGHTS• 2 Year fixed rates from 3.80%• 5 Year fixed rates from 3.95%• Debt Consolidation to scheme limits• CCJs and defaults (satisfied or not) up to

£15k >12 months ignored on near prime plans• 6 times income below 60% LTV

KEY FEATURES No minimum credit score No borrower legal representation No proof of building insurance required No restriction on property construction types No LTV restrictions on any flats 5 year fixed No ERC products available AVMs available to £250K and 75% LTV

Max 6x Loan To IncomeRatio, exclusive on all New Portal Cases createdbefore 30 June 2019

01403 27 26 25 www.impactsf.co.uk

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Loan Amount and LTVLoan sizes stated are Net, Broker and Product Feescan be added. Gross loan to be used for LTV.

Loan PurposeRemortgage only. Capital raising can generally befor any legal purpose excluding avoidance ofBankruptcy or Business Start-up.

Repayment Method/TermCapital Repayment only, over a 3 to 30 year termincluding part years. Customers must be aged 18 to 85years at end of term.

Commission/Procuration Fee0.8% Calculated on the Net Loan requested bythe Customer.

Introducer/Broker FeesMaximum 2.5% capped at £5,000. This includesall elements of Introducer, Broker, Packaging,Valuation or Other Fees and whether added toloan or paid before completion. Calculated on theNet loan requested by the Customer.

Early Redemption ChargeWhere no ERC, unlimited over-payments areallowed. ERC products do allow an overpayment,up to a maximum of 10% per annum. ERC’s arestated as a % by the year applicable.

Key Criteria

Mortgage History12 month minimum mortgage history required.

LocationEngland, Wales and Mainland Scotland

ExclusionsProperties under £100k, Commercial, RTB within4 years of purchase or Agricultural.

Valuation RequiredHometrack AVM – Up to 75% LTV and £250kGross Loan. Minimum 5.0 Confidence Score andMaximum £500k Property Value.

Drive-By Val – Up to 75% LTV and £500k Gross Loan.

Internal Mortgage Val – Up to maximum LTV andGross Loan.

Specialist reports required if not purchased orremortgaged in the last 5 years.

Buildings InsuranceNo evidence required.

Borrower Legal RepresentationNot required.

Property

Source of IncomeEmployed – 6 months in current role, or 3 monthsin current role if 12 months continuous and noprobation. 100% of all guaranteed incomeincluding Basic Pay, Car Allowance and ShiftAllowance. 50% of all non-guaranteed regularincome such as Bonus, Commission and regularOvertime, subject to 18 month history. 0% of all non-guaranteed irregular income.Self-Employed – Sole Traders: 100% of Net Profit.Partnerships/Limited Companies: 100% of all sustainabledrawings or dividends in addition to any salary. RetainedProfits and Directors Loans are not accepted. Pension/Maintenance – 100% of all regular income.Working Family Tax Credit, Child Benefit and ChildTax Credit – 100% of all income, providing there is aminimum of £25,000 total earned income across theapplication.Unacceptable Income – All other Benefits, Trusts,Income received not in £ sterling.

Proof of IncomeEmployed – Last 2 computerised payslips, or last 2non-standard payslips and a P60 or BankStatement to show credit.Self-Employed – Last 2 years full accounts withHMRC tax overview. Accountants Certificatedetailing 2 years figures plus last years SelfAssessment forms. Pension – Last Pension Statement showingmonthly or annual income and latest BankStatement to show credit.Maintenance, Working Family Tax Credit, ChildBenefit and Child Tax Credit – Last Court Order,CSA documentation or Entitlement letter showingincome with the latest Bank Statement showingcredit to match.

Affordability AssessmentMin. Primary Applicant Income – £15k pa

Max DTI - 40%

Max LTI - 6.0 x to 60% 0-Status only4.5 x all other plans

I&E Decision – Pass. Affordability must be evidencedfor the entire term.

Income and Affordability

Documentary Proof of ID is required for all applicants.

Over £100K – Independent Solicitors IDVerification (not ILA) from a firm with at least 2partners which has been pre-approved by UTB.

Proof of ID

United Trust Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Member of UK Finance. Registered in England and Wales 549690. One Ropemaker Street, London EC2Y 9AW.

This information is for the use of professional intermediaries only. Effective 6th May 2019.

60% LTV

£25kto £500k

+3.35%

3.80%

3.95%

4.30%

+4.00%

4.40%

4.60%

5.10%

+5.00%

5.40%

5.60%

6.10%

£1,495

70% LTV

£25kto £500k

+3.35%

3.80%

3.95%

4.30%

+4.35%

4.55%

4.75%

5.25%

+5.35%

5.55%

5.75%

6.25%

£1,495

80% LTV

£25kto £500k

+3.90%

4.30%

4.45%

4.80%

+4.90%

5.10%

5.30%

5.80%

+5.90%

6.10%

6.30%

6.80%

£1,495

Early Redemption Charges

% by year

No ERCs

1.75%, 1.00%

4.75%, 3.75%, 2.75%, 1.75%, 0.75%

No ERCs

No ERCs

1.75%, 1.00%

4.75%, 3.75%, 2.75%, 1.75%, 0.75%

No ERCs

No ERCs

1.75%, 1.00%

4.75%, 3.75%, 2.75%, 1.75%, 0.75%

No ERCs

85% LTV

£25kto £500k

+4.40%

4.80%

4.95%

5.30%

+5.40%

5.60%

5.80%

6.30%

+6.40%

6.60%

6.80%

7.30%

£1,495

Max LTV

Net Loan

BoE Lifetime Tracker *

2 Yr Fixed Rate ERC

5 Yr Fixed Rate ERC

5 Yr Fixed Rate No ERC

BoE Lifetime Tracker *

2 Yr Fixed Rate ERC

5 Yr Fixed Rate ERC

5 Yr Fixed Rate No ERC

BoE Lifetime Tracker *

2 Yr Fixed Rate ERC

5 Yr Fixed Rate ERC

5 Yr Fixed Rate No ERC

Product Fee

0 - Status

1 - Status

2 - Status

75% LTV

£25kto £500k

+3.50%

3.90%

4.05%

4.40%

+4.50%

4.70%

4.90%

5.40%

+5.50%

5.70%

5.90%

6.40%

£1,495

AvailableProducts

*Tracker rates follow the BoE base rate at the stated margin, down to a BoE minimum of 0.50%. Fixed Rates revert to equivalent BoE Tracker at the end of the fixed rate period

Status Definitions

Credit Score No minimum Credit Score on all products.

Unsecured Credit Secured Loanand Mortgages CCJ’s and Defaults

Definition

Assess active credit whichis not up to date. Ignore ifMail Order or Comms.

Assess mortgagearrears in the last 12mor still outstanding.

Assess number (satisfied or not) andtotal £-value. Ignore if under £300,Mail Order or Comms.

UTB-0 Status All accounts currently upto date.

• 0 in 3m, 0 in 12• 0 outstanding

• 0 in last 2 years• Max of 5 over 2 years old, providingall total less than £5k

• 0 in 3m, 1 in 12m• Max 1 outstanding

• 1 in last 12 months• No Max number over 1 years old,providing all total less than £10k

• 0 in 3m, 2 in 12m• Max 2 outstanding

• 2 in last 12 months• No Max number over 1 year old,providing all total less than £15k

UTB-1 Status(1 element from:)

UTB-2 Status(2 elements from:)

Max 5 accounts up to 2payments in arrears, mustbe consolidated. No recentpayday loans.

Max 5 accounts up to 3payments in arrears, mustbe consolidated. No recentpayday loans.

Eligibility