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 £10,000 to £2,000,000 |
|---|---|
| Age | From 18 to 85 years |
| Term | From 2 to 30 years |
| Maximum LTV | Up to 95% |
| Representative APRC | Up to 13.7% |
| Lender fee | from £995 |
Most students have to operate on a shoestring budget, but when a financial shortfall hits, thankfully there are a number of options to consider.
Looking for online peer-to-peer lending platforms? Here’s a list of similar companies to Zopa with example loans and lender terms.
Looking to borrow money without using a guarantor? It’s possible, even if you have a bad credit score
With ever-rising public transport costs, it’s more important than ever to find the cheapest way to fund your commute. Here’s how to weigh up the options and find what works for you.
Want to be able to game whenever you go, but not sure you can afford to splash the cash on a gaming laptop? From in-store finance to personal loans, check out our guide to finding the right loan for you.
Taking out a joint personal loan is a major commitment, but one that could help you to borrow larger sums at competitive rates.
RateSetter might be the biggest name in peer-to-peer lending right now, but it isn’t alone in this growing sector. Compare similar platforms offering competitive rates to borrowers and investors alike.
Whether you have good or bad credit you could get approved for a £10,000 personal loan. Compare the best lenders for your individual circumstances.
Whether you’re planning on some home improvements, replacing your car or simply getting your finances in order, Sainsbury’s offers fixed rate personal loans of up to £25,000 to Nectar card holders. Fast, easy comparison with a range of lenders.
Compare Post Office fixed-rate personal loans against products from a range of UK lenders. Apply online and secure a competitive rate.