Case Studies

Although in the majority of UTB’s development finance cases the borrower is an experienced and well established developer, in this instance we found ourselves in the unusual position of providing a £2m facility to a publican with no previous development experience. The Bank was approached by a development finance broker to consider a proposal to…

What began as a fairly straightforward bridging loan application became somewhat more complicated as underwriting revealed several issues affecting the properties offered as security. Our borrowers wished to purchase a larger family home closer to their children’s secondary school. The house was in a sought after area and several other parties were interested in buying…

United Trust Bank is very active in the agricultural sector, particularly when farmers are looking to refinance equipment to raise funds for a range of different purposes. We are regularly approached by our brokers to fund some quite unusual purchases for their farming customers. For example, we have provided funding for some new heifer cows…

United Trust Bank’s Bridging division was approached to assist with the purchase of redundant office space above a bank in a period building in Kent and to fund the works for its subsequent conversion into two apartments. The borrower is a company experienced in property refurbishments with one of the shareholders a qualified surveyor. They…

In January 2015 United Trust Bank’s Development Finance team was approached to provide funding to assist with the refurbishment of a part Grade II listed gatehouse. Prior to visiting the property we were told that the previous owner had, without planning consent, undertaken a multi-level basement extension below the property which included a swimming pool…

We were approached by one of our valued brokers in order to renew an existing VAT funding line for a mutual client. The client in question was a large multi-Partner chartered accountancy firm which regularly seek funding for their quarterly VAT liabilities, given the sum payable represents a large chunk of their annual revenue. With…

United Trust Bank’s Specialist Mortgages team recently received an application through a Master Broker for a £100,000 home improvement loan. The purpose of the loan was to complete an extension on a house in Cirencester and to finish a full redecoration of the property. The joint applicants are both self-employed in the event management industry.…

The Bank was approached to consider a proposal to fund a substantial renovation and improvement project in a town on the edge of London. The security comprised two mixed use buildings which backed onto each other. The first was commercial on the ground floor with flats above and the second was commercial on the ground…

United Trust Bank was approached by an established broker contact to consider a structured finance facility for a client active in the hospitality sector. The client wished to borrow around £1.5m to facilitate the refinancing of an existing bridging loan which had recently expired, to settle a substantial Capital Gains Tax bill triggered by the…

At United Trust Bank we can accommodate many different loan purposes and we will work with our introducers to find a suitable solution for each customer’s individual financial needs. In this recent example we swiftly completed a circa £250,000 second charge mortgage for joint applicants secured on their main residence to enable the purchase of…