United Trust Bank’s Asset Finance team was recognised at the recent Leasing World Awards for having completed the ‘Deal of the Year’.
The deal was chosen from the many transactions submitted to Broker World Magazine throughout the year and is based on the complexity of the deal, the speed of decision and completion and for overall outstanding broker and customer service.
The transaction picked out by the judges was a £1.7m refinance of multiple vehicles for a plant hire company wishing to release capital from their fleet. The Asset Finance team had to overcome several challenges including incomplete documentation on some of the vehicles requiring a UTB BDM to visit the customer and cross reference alternative records and the administration team creating a chattels agreement in 45 minutes when the broker expected it to take 48 hours. Despite the hurdles, the deal successfully completed in a matter of days, impressing the introducing broker and the customer.
Keith Sangwin, UTB’s Head of Sales – Asset Finance, said:
“Brokers transacted over £6bn of business last year so to be recognised with this award is a great testament to all the hard work everyone in the team contributes, day in – day out. Congratulations to everyone, not just those involved with this specific deal, as we are certainly recognised in our industry as a funder that consistently delivers an outstanding service.”