United Trust Bank passed the £1bn milestone in specialist mortgages, following a 50% year-on-year growth in new mortgages from 2020 to 2021.
The total includes first- and second-charge residential mortgages across the bank’s product line.
UTB Mortgages, the bank’s mortgage division, was launched in 2015 with a limited range of second mortgages.
The bank has since expanded its product line to include residential first mortgages for home purchases and mortgages including interest only and first time buyers.
United Trust recently announced the appointment of Barry Luhmann to develop and launch a buy-to-let proposal.
Over the past three years, the bank has integrated digital solutions and third-party services into its mortgage application process, including an automated valuation model, app-based biometric identity verification, secure messaging and downloading documents. She also introduced an online decision-in-principle (DIP).
United Trust Bank mortgage director Buster Tolfree said the £1billion milestone was “a fantastic achievement”.
“UTB residential mortgages and second charge loans are now available through all major networks, clubs and distributors and our range continues to grow and evolve,” adds Tolfree.