UTB’s 20 minute decision to fund a £50k VAT bill
At United Trust Bank we always aim to distinguish ourselves by providing the best possible service and certainly in the Professional Lending team, we will always try to be as flexible as possible to accommodate the needs of our broker partners. Recently we were asked to prioritise an urgent request from a valued broker, as one of their clients had made a last-minute decision to spread the cost of a £50k VAT bill which was payable to the HMRC the following day. This obviously presented something of a challenge given the very short timeframe.
Fortunately, the information provided by the introducer was comprehensive enough for us to provide an approval within 20 minutes of receiving the request. We then quickly issued documents directly to the client who arranged for the signed copies to be couriered to our office in Moorgate the following morning – Once these were received we were able to quickly advance the funds directly to the client who in turn settled the bill with HMRC, well before the end of the day.
Not only was the client impressed with the speedy turnaround, but the introducing broker gave excellent feedback to the whole Professional Lending team to thank us for our service.
Loan Amount – £50k
Term – 3 Months