Case Studies

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…

United Trust Bank was approached by one of our long established brokers to assist with a new customer who had exchanged contracts with a land owner on an option to purchase the freehold interest in a farm in Hertfordshire and develop it on a joint venture basis. The option agreement was divided into a number…

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…

United Trust Bank was approached by a developer it has worked with several times before to fund their latest project of constructing 12 new apartments on top of existing apartment blocks where he already owned the freehold interest. Building on the roof of existing buildings is an increasingly common way of extracting additional value from…

United Trust Bank was approached to refinance two developments built by a very experienced developer for whom we had previously funded a site of 15 homes. The first of the two schemes in this proposal was of seven luxury apartments and two houses in a private, gated development in North London. Set within two and…

The United Trust Bank Development Finance team was recently approached to re-finance an existing house in Bristol which was owned through a company as a Buy to Let investment. Full planning permission had recently been obtained for its’ demolition and replacement with a block of 9 apartments over three floors with underground parking. The applicants…

In July, the United Trust Bank Development Finance team was approached by a new customer wishing to secure funding for a scheme to convert offices above commercial premises to nine 2 bedroom residential units. The scheme was made possible by the relaxation of permitted development rights (PDR), an area in which United Trust Bank has…

The United Trust Bank Development Finance team were approached by a regular client of ours to fund the urgent acquisition of a short leasehold property in a prime road in Chelsea. It was essential that we met the completion date and also that we ensured the lease extension notice had been served on the Freeholder…

An existing customer approached us to consider their next project. This involved the purchase of a site with planning consent for 11 detached executive homes in a rural location in the home counties. The borrower wanted to divide the project in two, building a first phase of 7 houses. This approach would enable the developer…

Following the successful conversion of offices under permitted development rights to form 9 apartments, UTB was asked by our borrower if we would consider a further scheme involving a joint venture with their contractor. The project will create 26 units, also under permitted development rights, in a south London suburb. Following a visit to the…