United Trust Bank secured loans review

United Trust Bank offers a range of secured loans to UK homeowners including second-charge mortgages and first-charge "mini-mortgages". Borrow £10,000 to £1 million over 2 to 30 years.

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The UK's largest range of secured loans

Loans from £1,000 to £2,500,000

See your quote before you apply

Quote won’t affect your credit score

Your home may be repossessed if you do not keep up repayments on your mortgage or any other loan secured on it.
Whether you're improving your home or consolidating debt, United Trust Bank could help with a secured loan. United Trust Bank doesn’t provide secured loans directly to consumers, so you will need to apply through one of its brokers (the broker will receive a fee).
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1 - 10 of 200
Product Maximum LTV Loan amounts Loan terms Overall cost for comparison Link Repayments
United Trust Bank Ltd logo
75%
£25,000 to £1,000,000
3 to 30 years
6.3% APRC
Check eligibility
View details
£1,099.74
(£197,953.38 overall)
United Trust Bank Ltd logo
60%
£25,000 to £1,000,000
3 to 30 years
6.3% APRC
Check eligibility
View details
£1,099.74
(£197,953.38 overall)
United Trust Bank Ltd logo
70%
£25,000 to £1,000,000
3 to 30 years
6.3% APRC
Check eligibility
View details
£1,099.74
(£197,953.38 overall)
United Trust Bank Ltd logo
65%
£10,000 to £500,000
5 to 30 years
6.4% APRC
Check eligibility
View details
£1,096.23
(£197,320.86 overall)
United Trust Bank Ltd logo
80%
£25,000 to £1,000,000
3 to 30 years
6.4% APRC
Check eligibility
View details
£1,106.79
(£199,221.48 overall)
United Trust Bank Ltd logo
85%
£25,000 to £1,000,000
3 to 30 years
6.6% APRC
Check eligibility
View details
£1,120.95
(£201,771 overall)
United Trust Bank Ltd logo
60%
£25,000 to £1,000,000
2 to 30 years
6.7% APRC
Check eligibility
View details
£1,124.51
(£202,411.26 overall)
United Trust Bank Ltd logo
75%
£25,000 to £1,000,000
2 to 30 years
6.7% APRC
Check eligibility
View details
£1,128.07
(£203,052.42 overall)
United Trust Bank Ltd logo
70%
£25,000 to £1,000,000
2 to 30 years
6.7% APRC
Check eligibility
View details
£1,128.07
(£203,052.42 overall)
United Trust Bank Ltd logo
60%
£25,000 to £1,000,000
2 to 30 years
6.7% APRC
Check eligibility
View details
£1,128.07
(£203,052.42 overall)
loading
Overall representative example
If you borrow £43,000 over 16 years at a rate of 10.25% variable, you will pay 192 instalments of £505.18 per month and a total amount payable of £96,994.56. This includes the net loan, interest of £49,404.56, a broker fee of £3,995 and a lender fee of £595. The overall cost for comparison is 12.7% APRC variable.
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Who is United Trust Bank?

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.

Is United Trust Bank safe?

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.

What types of loans does United Trust Bank offer?

United Trust Bank offers specialised secured loans, including second-charge mortgages, remortgaging and “mini-mortgages”, with both fixed and variable interest rates. It also offers first-time mortgages, asset finance and car finance.

All United Trust Bank loans are offered through its panel of approved brokers and cannot be applied for directly through United Trust Bank.

What are second-charge mortgages and mini-mortgages?

  • Second-charge mortgage. These are designed for customers who wish to raise additional funds secured on their home while leaving the existing first-charge mortgage on their home untouched.
  • Mini-mortgage. This would suit customers who want to release equity in their home at an amount that typically falls below the minimum for a standard mortgage.

What are the key features of a United Trust Bank homeowner loan?

United Trust Bank provides second-charge and “mini-mortgages” to UK homeowners. This is a type of loan that is secured against your property.

  • Borrow £10,000 to £1 million. United Trust Bank will lend up to 85% of the value of your property, less the outstanding mortgage. There are no restrictions on this percentage for listed properties, ex-council properties or high-rise flats.
  • Repay over 2 to 30 years. Your repayment term will depend on your individual needs and circumstances as well as your credit score.
  • Competitive fixed or variable rates. Interest rates can be fixed for a set term to help you budget for the repayments.
  • Security. Your home will be used as security on your loan. Missing repayments will put your home at risk, so always ensure that you can afford the loan you are asking for before you apply.
  • Early repayment. United Trust Bank allows you to repay your loan early without a penalty. You can also make unlimited overpayments on your loan, which would save you money in interest.

What can I use a United Trust Bank loan for?

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.

Pros and cons of United Trust Bank loans

Pros

  • Possibility of borrowing larger sums than with unsecured loans
  • No penalty for early repayments
  • Lower interest rates for customers with excellent credit history

Cons

  • You can only apply through a broker
  • Missing a payment on your secured loan could put your home at risk
  • Higher interest rates for customers with limited or poor credit history

United Trust Bank customer reviews

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).

Am I eligible for a United Trust Bank secured loan?

You should only apply for a United Trust Bank secured loan if you are certain you can meet the repayment terms. You must also:

  • Be a homeowner
  • Live in England, Scotland or Wales
  • Be aged over 18
  • Be employed, self-employed or have a retirement income

How can I apply?

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.

Alternative options

Before taking out a homeowner loan, you should consider all of your options carefully. Other ways of borrowing large sums include:

  • Remortgaging. Remortgaging is when you switch to a new mortgage, with the same or a new lender. In the process, you can renegotiate the loan – potentially releasing equity.
  • Unsecured personal loans. If you have excellent credit and would be able to afford it, most lenders offering unsecured loans will stretch to £25,000, or in some cases £30,000. Some big high-street banks will go up to £50,000 for existing customers, but again, you’ll need to get through the affordability and credit checks.
  • Car finance. If you need money to buy a new vehicle, there is a wide range of car finance options you could consider.

Our verdict

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.

Overview of United Trust Bank secured loans

Loan amounts From £10,000 to £1,000,000
Age From 18 to 85 years
Term From 2 to 30 years
Maximum LTV Up to 85%
Representative APRC Up to 14.3%
Lender fee from £995

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more. See full bio

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