UTB set to enter BTL market

United Trust Bank (UTB) Mortgages for Intermediaries has revealed its plans to launch a new suite of BTL products later this year.

The new range will join the lender’s established residential mortgage and second-charge loan products, aimed at customers who aren’t best served by mainstream lenders.

In preparation for this, the bank has appointed Barry Luhmann (pictured above) as head of BTL.

Barry has a wealth of experience in the mortgage industry, having held senior positions with lenders including Trussle Lab, Lloyds Banking Group and BlackRock European Mortgage Strategies. 

Most recently, he was an independent consultant working with various clients in the mortgage space to develop and deliver new technology, processes and offerings.

Buster Tolfree, director of mortgages at UTB, said: “We’ve really shaken up the specialist end of the mortgage market with our first- and second-charge residential products and launching into the BTL market is a natural next move. 

“Barry brings a huge amount of knowledge and experience to the team, and I’m delighted to have him on board.

“The new BTL products will be typical of UTB; common-sense underwriting and accessible criteria, packaged up in a digital-first process. 

“We’ll utilise our existing application platform, which offers cutting-edge digital processes, supported by skilled and knowledgeable staff dedicated to ensuring applications are processed quickly and smoothly. 

“We will continue to work closely with our valued introducers about the things we can do to help them write more BTL and other mortgage business, and you can expect more exciting news from UTB Mortgages for Intermediaries throughout 2022.”

Barry added: “UTB has established a strong reputation for offering great products with outstanding service and technology providing first class speed and ease of interaction. 

“I’m looking forward to leading UTB Mortgages for Intermediaries into the BTL market, while upholding those same very high standards. 

“I’ll be making team appointment announcements in due course and sharing product details as we approach launch, so watch this space!” 

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