24 hr debt consolidation

24 hr debt consolidation

As all parents know, raising a family can be a very expensive business. Even more so when you have pre-teen twins!

Our applicants realised that their spending was beginning to get beyond their means. With a high number of credit cards and loans, their monthly outgoings were increasing, action was required, and they needed to find a solution fast. United Trust Bank was happy to step up.

The applicants discussed their options with their 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 their needs. By consolidating most of their existing debt, they were able to reduce their monthly outgoings by nearly 50%, which left more disposable income to enjoy and spend on the twins.

Their introducer is 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 last two months payslips for each applicant. this enabled the team to underwrite the application and have the case ready for offer within 24 hours of receipt.

Offers are accepted by returning the original Mortgage Deed, which the customers did in time for the Bank to release the funds and for our borrowers to breathe a sigh of relief.

Borrower
  • Married couple
Amount
  • Circa £55,000
Loan Type
  • 5 year fixed
Location
  • West Sussex
LTV
  • 84.5%
Loan Term
  • 12 years
Loan reason
  • Debt consolidation
 Special Features
  • 24 hrs from Underwrite to Offer


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