Incorporated in 1955, United Trust Bank is a specialist secured lending bank. As well as providing homeowner loans, it offers a range of other products through its network of brokers. These products include bridging finance, professional loans and asset finance.
United Trust Bank Limited is authorised and regulated by the Prudential Regulation Authority, and also regulated by the Financial Conduct Authority (FCA). It is also covered by the Financial Services Compensation Scheme (FSCS) and the Financial Ombudsman Service. United Trust Bank is also regulated under GDPR and data protection laws.
All United Trust Bank loans are offered through its panel of approved brokers and cannot be applied for directly through United Trust Bank.
United Trust Bank provides second-charge and “mini-mortgages” to UK homeowners. This is a type of loan that is secured against your property.
You can use a United Trust Bank secured loan for any legitimate purpose, such as to cover the cost of home improvements, a car, a holiday, or other large expense or purchase.
United Trust Bank has received positive reviews from customers, according to the review site Trustpilot. It currently has an “average” rating of 3.6 out of 5, based on more than 5 reviews (updated July 2022).
You should only apply for a United Trust Bank secured loan if you are certain you can meet the repayment terms. You must also:
To obtain a secured loan from United Trust Bank, you will need to apply through one of its brokers. The broker will perform a credit check on the details you provide and assess your affordability before a decision is made on your loan.
Before taking out a homeowner loan, you should consider all of your options carefully. Other ways of borrowing large sums include:
A secured loan might not be for everyone but if you consider yourself to be financially responsible with a credit report that reflects this, you might want to explore United Trust Bank’s offerings. But you’ll only be able to get one through a broker.
If that doesn’t phase you, then you could be in line to borrow a big sum of money for rates that you find favourable compared to others. Plus, if you decide to make early repayments, you won’t be charged any fees and stand to actually save money in interest.
While you can take a look at the secured loans offered by United Trust Bank above, there are alternatives you might want to consider. Just remember to do a little research and to shop around.
| Loan amounts | From £5,000 to £1,500,000 |
|---|---|
| Age | From 18 to 85 years |
| Term | From 2 to 30 years |
| Maximum LTV | Up to 85% |
| Representative APRC | Up to 14.4% |
| Lender fee | from £995 |
Finder collaborated with the smart money app, Plum, to compare how easy access savings rates around the world compared with the local base rate.
Everything we know about the OpenAI IPO, plus information on how to buy shares.
Many households in the UK are struggling to save, so Finder’s experts have put together these tips to help you boost your savings.
Finder’s experts explain the impact of the changes your finances.
Discover how to open a business bank account in the UK, from the documents you’ll need to whether you’re eligible for a business bank account, we’ve got it covered.
We looked at how global savings interest rates fared against the UK base rate in 10 countries around the world.
Learn Finder’s 7 tips for how to play the sales and win. Plus, our video reveals the discounts we expect to see from top brands this year.
Looking to diversify your investment portfolio? Mutual funds could be a good addition. Here’s how they work.
7 in 10 Brits (70%) have experienced financial stress, so we look at the latest statistics to see the impact money has on our mental health.