New ID verification App helps deliver a quick decision

Having moved into their new home six years ago, fitted a new kitchen, decorated throughout and landscaped the gardens, our borrowers’ budget was just about under control. Then came their wedding and their outgoings on various loans and credit cards became a little too much to manage and leave enough expendable income to enjoy their new married life together.

The applicants discussed their options with their Credit Intermediary, who was an approved introducer for UTB. Together they completed a fact find and established that United Trust Bank had a loan that suited their needs. By consolidating the majority of their existing credit, they were able to cut their monthly outgoings in half.

The adviser was a regular supporter of the Bank with a good understanding of our criteria and documentation requirements. They were able to send in a fully packaged application including a full valuation report and the last two month’s payslips for one applicant and the last two year’s Tax Calculations and Overviews for the other. As their loan was over £100,000, they were also able to save time and money by confirming their identity at home via UTB’s new NIVO facial recognition App rather than having to visit a solicitor. They simply downloaded the App and followed the instructions. This enabled us to underwrite the application and have the case ready for offer quickly.