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United Trust Bank Reviews

United trust bank reviews  is a specialist lender and bank that offers secured funding facilities and deposit accounts to individuals, businesses and charities. They have a strong focus on customer service and are renowned for their attention to detail.

The company also provides financial solutions for SMEs and has an impressive track record when it comes to helping companies grow, especially in the technology sector. This makes them a highly respected choice for finance brokers.

With a stellar rating of 4.6 out of five on Trustpilot (as of 17 July 2023), UTB is considered an excellent choice for secured loans and has been awarded ‘Excellent’ by the independent review site. These ratings are based on over 600 reviews and take into account both the overall banking experience as well as how the firm deals with specific enquiries.

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Secured loans offered by the company are known as second charge mortgages, meaning that they require homeowners to put forward an asset (typically their home) as security against the debt they wish to borrow. This means that the property could be repossessed if they fail to keep up with repayments. UTB assesses applications for its secured loan products on a case-by-case basis and considers all income sources, including benefits, tax credits and rental income.

Borrowers can apply to borrow up to 85% of the value of their home (loan to value) and can choose a repayment term of between three and 30 years, with part-years an option too. Unlike many of its competitors, UTB allows borrowers to make overpayments on their secured loan without having to pay a penalty.