United Trust Bank was founded in 1955 as Bank Insinger de Beaufort PLC. It is based in London, United Kingdom.
United Trust’s business is focused on providing specialist lending solutions to individuals, charities and businesses, as well as providing its customers with deposit accounts at competitive rates.
United Trust Bank Products and Services
United Trust offers a range of specialist mortgages, including ‘mini mortgages’ aimed at customers who want to release money from their home without changing their current arrangement. These mortgages can also be used to release equity at lower than average loan sizes.
United Trust also provides asset finance, which can be used to secure assets including car leasing, light and heavy commercial vehicles, construction and agricultural equipment, recycling and waste facilities, and bridging finance for residential, commercial and buy-to-let properties.
Structured finance can be borrowed to fund residential or commercial property, mixed-use property portfolios, HMOs, land that has already secured planning permission and listed properties. The minimum loan size is £500,000 and the maximum loan period 36 months. These loans can be taken out by customers including companies, trusts, offshore companies, expats, funds, individual UK citizens and mature borrowers.
For personal savings customers, United Trust offers deposit accounts including 1, 2, 3- and 5-year bonds. The longer the bond period, the higher the rate of interest – the 5-year bond pays 2% AER. Customers can also take out an ISA account if they’d prefer.
Business savings customers can open a 2-year bond account. These accounts are available to partnerships, trusts, clubs, schools, companies, sole traders and pension funds. A separate 2-year bond account is available for charities.
United Trust Bank Security
United Trust Bank is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority. Deposits of up to £85.000 are covered by the Financial Services Compensation Scheme (FSCS).