Case Studies

A broker acting on behalf of a new development company approached us with a request for funding. The business was owned by two parties, one a construction manager with considerable experience of building modern, highly specified houses and the other is an accountant with some experience of refurbishment transactions. They wished to purchase a site…

An existing UTB customer wished to raise funds against an unencumbered coach in order to purchase some older vehicles to fulfill a local authority contract, to refurbish another vehicle and to pay off some existing commitments. The vehicle offered as security fell short of the value required to achieve the necessary level of funding and…

Our customer had entered into an agreement to purchase 50% of the shares in a company which owned a valuable site with development potential. A substantial first payment under the agreement had been made and the balance of the payment was due imminently. Accordingly our customer had a time critical requirement for a short term…

Our customer inherited a property which was subject to a lifetime mortgage. The amount required to redeem the mortgage was determined by the last valuation placed upon it by the lifetime lender. However, as our client had subsequently undertaken works to improve the property, the amount required to repay the lifetime mortgage would substantially increase…

United Trust Bank was approached by a known developer client to fund the purchase and development of a site in West Sussex with planning consent for five detached houses. They had already exchanged contracts on the site and completion was just a few weeks away. A meeting and site visit was arranged quickly and formal…

United Trust Bank was approached by a broker partner who introduced us to a long established coach operator presented with an opportunity to expand its business. The coach operator was looking to acquire the contracts and vehicles of another local operator who was retiring from the business and the directors were looking to release equity in two…

United Trust Bank was approached by an experienced London based property developer who has owned an ex-public house since 2007. Since buying the property they have worked up a scheme with the help of their professional team to redevelop the site to provide a single block of 36 new build private apartments and 4000 sq…

Our customer had exchanged contracts on his new home and was approaching the completion date. The purchase transaction involved our customer porting his existing mortgage to his new home. Very late in the day our customer realised that his existing mortgage could not be ported unless and until he had sold his existing home –…

United Trust Bank was contacted by an established broker connection with a potential transaction for a company purchasing two items of construction equipment from an auction. The sale price had just been agreed and the customer needed to move very quickly to secure the equipment. Payment to the auctioneers within 24 hours was imperative. The…

Our customers are a London couple residing in a flat in a trendy area of North London. Our customers had also found and agreed to purchase their new home, but such is the current competition for homes in good residential London areas, they wanted to secure and complete on the purchase before the sale of…