“This case highlights exactly what UTB is built to deliver, speed, certainty and the ability to perform under pressure”
– Nick Warren – United Trust Bank
United Trust Bank has completed a £1.28m regulated bridging loan from application to completion in 12 working days, enabling borrowers to secure a London property purchased at auction within a 28-day deadline.
The case was brought to UTB by Andrew Hunt, mortgage and commercial adviser at KDW Financial Planning, after his clients successfully bid on the property but needed fast, certain funding to meet their contractual deadline.
With exchange already completed and the clock running, the borrowers needed to raise £1.28m, including rolled-up interest and charges, to complete the purchase and settle the existing first charge on their current home.
The loan was structured at 74% LTV. UTB used an automated valuation model (AVM) to support the valuation process, reducing turnaround time and keeping the application on track. Close collaboration between all parties saw the loan approved and completed within the auction window.
“With such a tight deadline, we needed complete confidence that the lender could deliver, and UTB did exactly that,” said Hunt. “The team were proactive, communicative and focused on getting the deal over the line. Their ability to complete quickly made all the difference and ensured our clients secured their new home without unnecessary stress.”
Nick Warren, key account manager for BTL and bridging at United Trust Bank (pictured), said the case reflected what the bank is designed to deliver. “This case highlights exactly what UTB is built to deliver: speed, certainty and the ability to perform under pressure. Auction purchases demand a lender who can move quickly and decisively, and by working closely with Andrew, we were able to deliver a smooth and timely completion for the clients,” he added.
The completion adds to UTB’s track record in regulated and unregulated bridging finance, where speed and certainty are often the deciding factors for brokers and their clients.
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