NEWS
In the news
BTL mortgage sector goes green The number of green products in the BTL sector have reached a new record high, according to Mortgag- es for Business. BTL choices available have risen for seven consecutive months, up from 118 green BTL mortgages to an impressive 353 available on 1 March 2022. Green mortgages now make up 15% of all BTL products available on the market, which is a positive step in the direction of tackling climate change. This increase demonstrates lenders' willingness to innovate. Energy efficient improvements to housing, including upgrading exist- ing housing and making new builds greener, will lower the sector's carbon emissions, which current- ly make up 14% of the UK's total emissions. Managing Director of Mortgages for Business, Gavin Richardson said: "housing has a greater carbon footprint than the farming industry. So there’s no question that improv- ing energy efficiency is a critical part of tackling climate change."
United Trust Bank enter buy-to-let market
Specialist bank United Trust Bank have announced they will enter the buy-to-let (BTL) market with a suite of new products. United Trust Bank is a prominent UK specialist mortgage lender providing a range of innovative first and second charge products through its panel of approved introducers. Known by busi- ness partners and customers alike for its dependable reputation for making quick, consistent and common-sense decisions, the bank prides itself on the work of its expert underwriting team. Director of Mortgages at United Trust
Bank, Buster Tolfree, commented: “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. “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 offering cutting edge digital processes support- ed by skilled and knowledgeable staff dedicated to ensuring applications are processed quickly and smoothly.”
06 | Metrics Monthly
Q1 | 2022
Made with FlippingBook - professional solution for displaying marketing and sales documents online