UTB Mortgages Marks 10 Years of Growth and Transformation

02 September 2025

United Trust Bank (UTB) Mortgages is celebrating the 10th anniversary of its very first mortgage completion, a decade that has seen the business evolve into one of the UK’s leading specialist mortgage lenders.

Since launching in 2015 with second charge loans, just two partner firms and a small team of underwriters and salespeople, UTB has grown into a £500m+ annual mortgage completions business working with more than 3,150 partner firms and 9,500 advisers. Over the past decade, the Bank has broadened its mortgage offering from second charge loans to a diverse suite of residential, buy-to-let and specialist solutions, with loan sizes now up to £2m and LTVs of up to 95%.

Key milestones in UTB Mortgages’ first decade include:

Growth from completing 52 second charge loans worth £2.3m in 2015 to £500m+ completions per year today.
Expanding broker reach from 2 partner firms in 2015 to over 3,150 firms and 9,500 advisers in 2025.
Scaling the Mortgages team from 4 people in shared roles at launch to 25 underwriters, 12 dedicated sales specialists and a full team numbering 72 people.
Extending the proposition from second charge loans to a full suite of residential and buy-to-let products, including complex income, adverse credit and non-standard property solutions.
Building a portfolio of nearly 300 product and rate options, from Bank of England trackers to 5-year fixes.

Alongside product expansion, UTB has invested heavily in people and technology. From a digital broker portal and biometric ID verification to AI tools supporting customer care and underwriting insight, the Bank has combined innovation with its trademark personal approach.

Buster Tolfree, Director of Mortgages – United Trust Bank, said:

“This is fantastic milestone for everyone at UTB Mortgages. From completing just £2.3m of loans in our first year to building a £500m+ annual completions business today, our journey has been remarkable. The last decade has thrown everything at the mortgage industry – Brexit, COVID-19, high inflation and rising interest rates – yet we’ve continued to grow, invest and deliver for brokers and their customers.

“What sets us apart is the way we combine innovative products and cutting-edge technology with the personal touch of our brilliant team. Flexibility, speed and common sense are in our DNA, and with the support of thousands of broker partners, we’re very excited about what the next 10 years will bring.”