United Trust Bank completes bridging loan in 24 hours

United Trust Bank’s short term bridging team successfully responded to the challenge to restructure and complete a £500,000 loan in just 24 hours.


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Wednesday 1st December 2010

United Trust Bank completes bridging loan in 24 hours

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The Bank’s Head of Bridging, Alan Margolis explained:

“We received an enquiry from Intelligent Loans to assist an experienced property developer whose deadline to complete on the purchase of a buy to let residential property had been unexpectedly brought forward. Fortunately there was a useable valuation and we worked closely with Intelligent Loans to ensure that the customer met their deadline.

Within a day the funds were made available. It was very much a team effort and the customer was absolutely delighted with the service of both introducer and lender”.

Rob Coles of Intelligent Loans said:

“Intelligent Loans are very impressed with the team at United Trust Bank. Our client had an almost impossible deadline; however UTB managed to pull out all the stops.”

Author:
Millie Dyson Online Editor Online Editor
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