Specialist lender United Trust Bank has launched a series of second charge mortgages with a loan-to-value ratio of 90%.
These products are sold as two-, three-, and five-year fixed assets and are available exclusively through Premier Club Mortgage Packagers. 
The 90% LTV is only available on a five-year fixed basis starting at 9.99%, with loan amounts ranging from £30,000 to £100,000.
A second top-up of up to 85% LTV is available on a variety of terms, with a 5-year fixed rate of 8.99% at 85% LTV for loans between £10,000 and £500,000.
Lenders say these higher LTV second charge loans give customers the flexibility to tap into the equity in their home without changing their first charge mortgage.
Loans can be used for a variety of purposes, including renovating your home, consolidating debt to purchase another property or asset, paying taxes and school fees, and more.
UTB offers flexible criteria to suit a wide range of customers, including those with complex income streams, the self-employed and those with problematic credit histories.
These second-charge mortgages can be used across a variety of properties, including properties with non-standard construction types or in disadvantageous locations such as high-rise apartments or near commercial developments.
Buster Tolfrey, Director of Home Loans at UTB, said: “Our new 90% LTV seconds range is a new benefit for Premier Club members and brokers who use them to support professional mortgage applications.
“With access to preferential rates, standards and features, brokers benefit from the experience and know-how of expert mortgage packagers, helping them secure better deals and present tough cases to their clients. You can.”
