United Trust Bank completes £125k second charge loan in two days
The debt consolidation case moved rapidly through the lender’s streamlined system, with the application submitted on 14th April.
United Trust Bank has completed a £125,000 second charge loan in just two days from application to completion.
The debt consolidation case moved rapidly through the lender’s streamlined system, with the application submitted on 14th April, supporting documentation received the following day, and completion achieved a day later.
The process required no additional post-offer conditions or rework, allowing the case to proceed directly to completion.
The accelerated turnaround follows a series of enhancements introduced by the bank, including more decisive underwriting, reduced documentation requirements, fewer post-offer conditions and improved guidance for brokers on case packaging.
Andrew Ferguson, commercial director – mortgages, buy-to-let and bridging at United Trust Bank, said: “We’ve listened carefully to broker feedback, taken a hard look at our systems and requirements and made tangible improvements to how we process second charge applications.
“By cutting out unnecessary friction, streamlining our underwriting and focusing on what really matters, we’ve significantly accelerated the journey from application to completion.
“When a case is well presented, we’re now able to move extremely quickly – and we’re already seeing our deals fly through. This case is a great example of what UTB is making possible.”
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