Second charge application to offer in 24 hours

Being a single father of a teenager can be expensive. Our applicant noticed the balances on his credit cards were creeping up and his disposable income was shrinking. He decided it was time to sort out his finances and make a fresh financial start in the New Year.

The applicant discussed his options with a Credit Intermediary, who was an approved introducer for UTB. Together they completed a fact find and established that United Trust Bank had a loan that suited his needs. By consolidating all of his existing credit he could save over £500 per month net.

The introducer was a regular supporter of the Bank with a good understanding of our criteria and documentation requirements, they were able to send in a fully packaged application, which included a full valuation report and the applicant’s last two month’s payslips. With our straightforward underwriting criteria and our easy to understand packaging requirements, this enabled our team to underwrite the application and have the case ready for offer within 24hrs.

Offers are accepted by returning the original Mortgage Deed, which the customer did in time for the Bank to release the funds 48 hours later.

  • Single father with one child
  • £20,000
Loan Type
  • 5 year fixed
  • Avon
  • 69%
Loan Term
  • 19 years
Loan reason
  • Debt consolidation
 Special Features
  • 24hrs from receipt of application to offer