Case Studies

United Trust Bank has built strong relationships with its developer customers, in some cases dating back decades. Over time, the Bank has supported their growth by funding increasingly larger projects and usually several developments at the same time. As the outlook for the UK economy remains uncertain, the advantages of strong lender-developer relationships are clear…

Our customer, Bruce Burkitt of propertyexperts.co.uk, is an experienced and successful property professional and has developed over 700 units, many of which he has retained for his multi-million-pound, private portfolio. Whilst Bruce and his team continue to grow his portfolio, he also provides mentoring sessions for budding developers as well as overseeing projects for retained…

UTB recently completed a £35,000 Mini-Mortgage secured against the applicant’s home. The money would enable them to purchase a new car and repay their existing credit commitments with an overall lower monthly cost. Our applicant had realised that their car was becoming a money pit. It regularly needed repairs and the costs of keeping it…

The Bank’s Asset Finance team was approached by a broker who had a client looking to fund the purchase of a coach. It was Wednesday afternoon. Although the transaction looked as if it would be straightforward, the broker revealed that in order to meet his client’s needs the customer needed the new coach to be…

Activity in the Asset Finance market has enjoyed something of a rebound according to the latest FLA figures. New business increased by 7% in April compared to the same month in 2017 and helped growth over the previous 12 months creep up by 3%. There was a solid gain in the plant and machinery finance…

United Trust Bank’s Asset Finance division was approached by DJB Finance & Leasing Ltd to assist one of their longstanding customers. Their client was looking to re-finance a number of trailers, currently funded with two other lenders, in order to raise capital to cover the cost of mid-life refurbishments of the trailers. With the asset…

These days bridging loans come in all shapes and sizes. Since UTB increased its BDM coverage across the country and we reduced our minimum loan size to £75,000 and introduced automated valuations, we have seen an increase in applications for bridging loans at the lower end of the spectrum. In this example UTB was approached…

At UTB we understand that development sites are often like buses – you wait ages for one to come along and then three turn up at once. Timing is always an important issue with our developer customers as most of them don’t have the luxury of having large cash reserves sitting in their bank accounts.…

UTB recently completed a £26,700 Mini-Mortgage which enabled the applicant to reduce his monthly outgoings by £800 and subsequently make a big improvement to his quality of life. Our customer had accumulated a significant amount of unsecured debt but despite the £1400 per month repayments, the balances were not reducing as quickly as he would…

Whilst there are several development lenders in the market to choose from, most tend to specialise in one or two areas. This can often mean that clients have to refinance their schemes with different lenders as they move through the various stages of a development and beyond. For example; acquisition, planning assembly, development, sales period…