Customers with a good track record of borrowing from United Trust Bank approached us to fund the purchase and development of a site with detailed planning permission for 10 flats. The approved floor layouts were not the most attractive however the borrowers proposed to reorganise the internal layouts to produce accommodation which would be better…
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A long established group of companies operating in the construction sector needed to raise a significant sum for working capital to fund the initial costs involved in a number of imminent large contracts. The group had major funding already in place via a high street Bank for a number of development projects it was undertaking…
Developers with considerable experience in Central London already owned a part residential part commercial building with no debt. This was the rump of a previous portfolio break up transaction. Planning permission had been obtained to add a further floor and convert the building to ground floor retail with 8 flats above. Whilst they wished to…
Our customer provides services to the construction industry. A number of years ago it acquired a site a few miles from its headquarters and, using its many contacts in the construction industry, developed it into a single luxury home. Our customer had funded the acquisition and build costs from its own resources, but given the…
The owner of a long established sole trader haulage business wished to raise additional funds, at short notice, to enable him to put down a larger deposit on a property purchase. We released the equity in one of his existing tractor units to refinance the vehicle, paying off an existing funder in the process. We…
An existing customer, who is well advanced on a development of 5 houses in Essex, asked us to fund their next site. The new project is an ex-public house in Kent close to the high speed rail link. Planning consent exists to demolish the pub and build 11 houses with a GDV of £1.55m. Given…
Our customer is a West Country property development company which sources local sites to develop. It had recently completed the construction of a 5 unit development all of which had been sold except for a 3 bedroom house. The company was looking to pay down various accounts, settle some tax affairs and free up equity…
An established haulage company wished to carry out a significant refurbishment of some of its trailer fleet to enable them to be used for a contract for which they required a specific type of trailer. These trailers had originally been funded by United Trust Bank and so, after assessing the additional value the refurbishment would…
The bank was approached by an experienced south coast developer to provide funding on three completed schemes to enable him to refinance his existing Bank who were withdrawing from the lending market. The schemes comprised a mix of high specification housing and flats in good locations. Very quickly after the refinancing took place the client…
Our customers were in the final stages of a substantial refurbishment of their £3m home when they required a short term loan to complete the final works to their kitchen and bathrooms. Our customers had an existing mortgage of over £800,000 but having satisfied ourselves as to the amount, nature and cost of the outstanding…
Our customers had owned a country estate for more than 30 years. The estate, valued at over £7m, was no longer appropriate for them and they found a more manageable property which suited their lifestyle. They were very keen to secure it in the face of competition but their existing property would require prolonged marketing,…
