Case Studies

A second charge loan from UTB can be used for a wide variety of purposes. The Bank recently completed a £70,000 second charge mortgage for a couple who wished to borrow the money to build a swimming pool in their garden and use the remaining funds to consolidate some of their existing debt. Our customers…

The Development Finance team at United Trust Bank was approached by a long-term developer client to fund a project in an attractive village in the heart of Hampshire. The client had been working on the project over a two-year period, getting together various options on a number of back gardens on a piecemeal basis and…

Paul Taylor, one of United Trust Bank’s Asset Finance Business Development Managers, was approached by a broker partner representing a civil engineering firm with an imminent cash flow problem. The company was an existing UTB customer and the Bank was keen to help them find a solution. The company was trading successfully and had good…

Late on a Monday afternoon one of our registered brokers contacted the United Trust Bank asset finance team with an urgent enquiry for a client purchasing a large piece of construction equipment. Our broker explained that his client was leaving the country first thing on Wednesday morning so needed to sign all documentation within 24…

In the second charge mortgage market the loan amounts are often assumed to be £50,000 and more with the loan term assumed to match that of the existing mortgage. However, this is not always the case. For example, United Trust Bank recently received an application from a Master Broker for a single applicant for a…

In the Autumn of 2016, United Trust Bank’s Bridging Division was approached by a broker helping a couple to purchase a property abroad. The husband and wife had identified a suitable holiday home and needed to complete the purchase promptly to prevent it being sold to other interested parties. Assisting with the purchase of overseas…

United Trust Bank’s Development Finance team was approached by a developer seeking funding for the purchase of a sizable office building in South West London with consent for conversion to 55 apartments. UTB had funded several of the developers’ previous schemes and the team were assured of their ability to complete this scale of conversion…

United Trust Bank’s Professional Lending team was approached by one of our valued broker partners with a proposal to provide a funding line for a well-established and successful law firm. The firm provides an array of legal services but with quite a strong focus on complex litigation cases. One of the key challenges for firms…

United Trust Bank recently completed a £59,500 second charge mortgage for a married couple on their main residence to allow them to decrease their monthly outgoings and substantially increase their disposable income. Our applicants realised that the payments due on their commitments were not reducing as they had hoped by making the minimum payments on…

A broker approached United Trust Bank’s Development Finance team asking them to consider a proposal to assist an Essex landowner with a joint venture (JV) on a sizeable development project. The JV, with an experienced contractor, was to build 30 bungalows and refurbish a Grade 2 listed farmhouse in line with a recently approved planning…