United Trust Bank was approached by an experienced property professional to assist with the purchase of a three storey, three-bedroom mid-terraced house with a view to converting it to a 6-bedroom HMO. The borrower held a small portfolio of investment properties, including similar HMOs, and the valuation together with our own research gave us comfort…
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United Trust Bank’s Bridging team was approached by a broker acting on behalf of a client who wished to purchase a large, detached house in London but with various challenges to overcome. The house was arranged as three flats with planning permission in place to return the house to a single dwelling. It was the…
United Trust Bank’s (UTB) Structured Property Finance (SF) team was approached by an existing customer to provide funding for the acquisition of two light industrial properties in South London. The purchase was part of a site assembly project to unlock a large, residential led mixed use new build scheme. The new properties, along with an…
United Trust Bank’s Bridging team was approached by a broker assisting an older couple in a downsizing house move. As well alleviating some of the stress and uncertainty that can accompany simultaneous sale and purchase transactions, the couple also wished to ensure that their purchase would complete ahead of the Stamp Duty holiday extension deadline,…
UTB’s bridging finance team was approached by an experienced property investor/developer who was seeking to buy two houses at auction. Both properties were in poor condition with one being unmortgageable. The borrower intended to buy both properties through their limited company, remodel and refurbish them and sell them on for a profit once improvement works…
United Trust Bank was approached by property developers with a strong track record of delivering high quality local schemes over the last 25 years. The company had purchased an unmodernised house with a large 2.5 acre garden and by subdividing the grounds had achieved planning permission for the development of three new houses on the…
United Trust Bank (UTB) has agreed to fund an £11m redevelopment of a former hotel site in a stunning beachside location on the north coast of Cornwall. The Bank was approached in October for funding required by the developer to complete the purchase of the site and the construction of a 3 storey building consisting…
United Trust Bank’s Structured Finance (SF) division was approached by a broker representing a client wishing to purchase a mixed-use development opportunity in North London with a GDV in excess of £14m. The borrower is a successful entrepreneur with a portfolio of businesses and investment properties and began developing bare land in 2016. The customer…
United Trust Bank’s Structured Finance (SF) division is providing a 4.050 million Sales Period Funding facility to a joint venture between two experienced property developers active in the West Midlands. The principals are first time borrowers from UTB, and the facility was agreed and drawn during the Covid-19 lockdown. The facility was used to settle…
United Trust Bank (UTB) is providing the senior funding for an £11.5m development in a desirable West London location providing 30 new apartments over six storeys. The scheme is being constructed by a long established and successful house builder which UTB has been interested in working with for some time. The borrower and the Bank…
The funding was over 48 months with a £61,000 balloon payment. The proposal came from Vehicle and Asset Finance Ltd who regularly transact business with UTB but was the first proposal received from this individual at the brokerage. Klara Hanrahan, UTB Asset Finance BDM, said: “I’ve tried to win this particular broker over for some…
