With dedicated divisions providing asset finance, bridging finance,
development finance, professional loans, technology finance and
specialised mortgages, our in-depth knowledge combined with
commercial awareness, makes us the lender of choice for finance
brokers seeking a high quality, bespoke service.
The Bank and its lending divisions are led by astute and knowledgeable individuals who collectively bring together many decades of experience. The insight and understanding they hold of their respective sectors has been gained from careers spanning many years and a variety of economic climates. Every proposal we receive is considered on its own merits and we positively encourage a high degree of interaction between intermediaries and our decision makers. It’s this degree of open communication, coupled with a pragmatic and entrepreneurial approach to lending, which often distinguishes us from our competitors.
United Trust Bank is an established specialist lender offering a wide range of short, medium and long
term secured funding solutions for businesses and individuals.
Welcome to United Trust Bank
“We aim to deliver an outstanding service by fully understanding the needs of our broker partners and our borrowers and offering bespoke financial solutions suited to their individual circumstances. United Trust Bank’s team of highly knowledgeable professionals is encouraged and empowered to minimise bureaucracy, maximise flexibility and offer quick and reliable lending decisions which will help you to provide the very highest level of service to your clients.”
Harley Kagan Managing Director
3
Welcome Asset Finance4
6
Bridging Finance Development Finance8
10
UTB values Professional Lending12
14
Specialised Mortgages Technology Finance16
18
Contacts04-05
A director of a long established crane hire company wished to raise funds at very short notice to acquire a property he had the opportunity to purchase. The funds needed to be available within 48 hours. A crane that had a small finance balance outstanding was identified as having sufficient equity to secure the sum required. The finance proposal was received early in the morning from our broker partner and, following an internal valuation and credit underwriting, an approval was returned by lunchtime.
Documentation was emailed to our broker, enabling him to get the deal signed and the funds released the following day.
Loan amount: £427,000
• Hire purchase and finance lease funding
• Introductions welcomed from brokers who hold a full FCA authorisation • Facilities range from
£10,000 to £750,000 • Repayment terms are
typically from one to five years
• Deposits and finance terms dependent on the asset and the borrower’s status
Facilities and Terms
A broker approached us with a client wishing to purchase a classic car for his collection. It was a fully refurbished Aston Martin, which had been valued by a certified Aston Martin Heritage specialist and our own valuation supported the sale price. The broker provided the necessary information to satisfy our credit criteria and a member of the team accompanied the broker to meet the customer, sign the documents and view the car. With the customer providing the balance of the purchase price, the loan was agreed and the Aston Martin joined their collection.
Loan amount: £700,000
A long established waste management business wished to fund a new biomass heating system for their 5.5 acre industrial site comprising various office units, some of which were sublet to other businesses. The economic benefits in terms of feed in tariffs and
recharging of heating costs to their tenants would be significant. The customer did not want to use their own bank funding, preferring to keep their working capital requirements untouched. We arranged to value a range of plant, some of which were unencumbered and others had reasonable equity. Happy with the valuations, the transaction proceeded and the funds swiftly released.
Loan Amount: £235,000
A supporting broker introduced us to an established coach operator which required funds to renew some of their VOSA operating licences and to inject some cash into the business. UTB agreed to re-finance some of the customers’ unencumbered coaches. However, due to unforeseen
circumstances, the broker was unable to carry out the required asset inspections or provide additional information within the timeframe required by the customer. UTB stepped in, arranged an asset inspection and, at the broker’s request, spoke directly to the customer to obtain the missing information. With documents signed the customer received their funds within a very tight deadline.
Loan amount: £100,000
Case files
Assets Financed
• Cars (including prestige and classic)
• Light & heavy commercial vehicles
• Bus & coach • Trailers
• Municipal vehicles • Construction equipment • Agricultural equipment • Waste recycling equipment • CNC machinery
• Injection moulding machines
United Trust Bank offers competitive, flexible finance facilities for businesses lending on a
range of assets including wheeled and tracked assets, and CNC machinery.
Asset Finance
ASSET FINANCE
What separates United Trust Bank from its competitors is the desire to offer a truly personal service. We positively encourage our credit managers to find innovative transaction structures which meet the customer’s specific needs, with no restricted age policy for assets, we can often consider proposals which will be automatically declined by other funders. Our broker partners can discuss potential deals directly with our credit team or their dedicated Business Development Manager and our quick decisions backed up by same day payments ensure that your clients can complete their transactions without delay. UTB is a ‘broker only’ asset finance funder committed to building strong, long term broker partnerships, and we deliver a service which will encourage your clients to return to you time and again. We offer a highly competitive commission structure and will also inform you of any early settlement enquiries, giving you the best opportunity to retain your customer’s business for many years to come.
United Trust Bank’s fast and flexible asset finance facilities provide
SMEs with the means to develop their businesses and seize
opportunities. Our dedicated asset finance team has extensive
knowledge of the sectors in which we operate, funding a wide
range of wheeled and tracked assets including bus and coach, HGVs
and plant as well as high performance and classic cars. We also
fund a variety of CNC machinery and have an appetite for
refinancing and hire businesses.
we understand
specialist banking
“Our considerable experience in the asset finance sector, coupled with a desire to provide quick decisions on flexible funding solutions, puts United Trust Bank in pole position for financing a wide range of vehicles, plant and machinery. Our credit managers are always on hand to discuss cases which may require more individual underwriting and we can often find creative solutions where other lenders find dead-ends.”
Martin Nixon Head of Asset Finance
06-07
A retired couple had purchased a farmhouse at auction and had a short time in which to complete or forfeit their deposit. They intended to split the farmhouse into two dwellings, one to live in and one as a holiday home to provide an additional income. They had planned to sell their home to fund the purchase, but a long time interested buyer had pulled out leaving them in need of a bridging loan. Fortunately, our borrowers had plenty of equity in their home and given the tight deadline, the Bank agreed to provide a bridging loan using the borrowers’ existing home as security. Loan Amount: £247,900 LTV: 43% • Facilities from £100,000 to £10m+ • Loan to value of up to 70% on first charge residential properties • Terms from 30 days to
12 months*
* Longer terms may be available for non FCA regulated loans
Property Bridging Loans
Refurbishment loans
Our borrower has been active in the London property market for over 30 years and had completed the refurbishment and extension of a Central London property at a cost of £1.4m. The borrower needed to repay some of the development costs which had been covered by an overdraft facility and credit card. However, the refurbished property, being marketed for sale at £6.9m, was in fact owned by another family member. Fortunately, our borrower and his wife owned another property which was also for sale and which, given the circumstances, it made sense to use as security for a bridging loan by way of a first charge.
Loan Amount: £583,100 LTV: 44%
A highly successful businessman, introduced to the Bank by SPF Private Clients, required a large facility in order to restructure some existing borrowings. The client’s complex business and personal affairs created some challenges when structuring the facility, security for which included a second charge over an ex-matrimonial home, second charges over two commercial properties owned by separate companies, and some shares. Add to the mix a tight deadline and the case proved to have all the hallmarks of a complex structured loan for which United Trust Bank has deservedly earned a reputation for being able to complete.
Loan Amount: £4.59m
A company wished to buy a vacant 1970’s office block which fell within ‘permitted development’ criteria. The borrower intended to apply for consent to convert the upper floors to 27 self-contained flats whilst retaining the ground floor offices. Our valuer was confident that the consent would be granted. We agreed to provide a bridging loan of just over half of the £2.8m value and permitted the borrower to raise an additional mezzanine facility to rank behind the Bank’s senior debt. This enabled the borrower to reduce its capital injection to around 10% of the purchase price and so retain more of its own capital for use elsewhere.
Loan Amount: £1.6m LTV 58%
• Facilities from £200,000 to £1m
• Minimum property value £150,000
• Purchase loan to value: up to 55% of market value or 80% of purchase price • Improvement costs: 100% funding of costs • Gross facility: up to 60% of GDV
• Terms from 30 days to 12 months
Case files
United Trust Bank is a leading provider of bridging finance with an enviable
reputation for award winning service and the ability to get deals done.
Bridging Finance
BRIDGING FINANCE
Our highly successful team is equipped with a broad range of skills and experience, enabling us to consider proposals for a variety of scenarios, including the classic bridge, downsizing, short term business finance, property refurbishment and complex multi-million pound portfolio refinancing. Loans are secured by first or second charges on residential properties, or first charges on mixed use or semi-commercial properties. The Bank provides FCA regulated and non-regulated loans with no exit fees or redemption penalties and valuation and legal fees at cost. We currently lend on properties in England and Wales.
Bridging loans can provide bespoke solutions to borrowers in a
wide variety of circumstances. At United Trust Bank every bridging
loan is different. Each case presents its own challenges and every
borrower has their own priorities. We work hard to understand
exactly what’s required with every proposal, and a dedicated case
manager ensures that your client’s loan completes on time and
with the minimum of fuss.
we understand
specialist banking
“These days bridging loans are being employed for an ever widening range of transactions as brokers and borrowers recognise the versatility and cost effectiveness of short term secured funding. Whatever your level of experience, United Trust Bank’s team of experienced professionals will provide all of the expertise and assistance you need to ensure your clients’ requirements for speed, certainty and flexibility are met.”
Alan Margolis
08-09
The Bank was approached by a broker acting on behalf of a relatively inexperienced developer who had already agreed to purchase derelict commercial land close to the centre of a West Country city. Planning permission had been obtained to develop 40 units, primarily apartments. Recognising his lack of development experience, the client had engaged a very experienced regional contractor, with good local knowledge and an excellent track record. This combined with the borrower’s excellent business acumen and financial standing, plus good evidence of an active sales market, and we were persuaded to fund the project.
Loan amount: £3.6m GDV: £6.5m CTV: 55% • Residential Development Finance • Commercial Development Finance
• Mixed Use Development Finance
• Planning Gain Finance • Facilities usually range
from £500,000 to £15m+ • Terms of up to 24 months
We lend on developments throughout England and Wales. Facilities are available for:
A long standing introducer to the Bank approached us to assist a new customer who had recently had a development site valued below their expectations. Their existing High Street lender had subsequently reduced their offer of funding. This was restricting the client’s ability to acquire a further site and was holding back their growth plans. The down valued site had planning consent for 11 family homes, and whilst it bordered an industrial park, we felt that the scheme would meet a local need. Taking into account the strength of the developer, we were happy to extend terms to 60% of the projected GDV.
Loan amount: £1.9m GDV: £3.17m CTV: 60%
We were asked to consider financing the purchase and development of a former Grade 2 listed building in East London. Creating 37 apartments plus shops and restaurants. The developer was initially introduced to the Bank’s bridging team who were able to lend against a number of assets and provide a bridging loan for 90% of the £2.2m purchase price. This enabled the developer to secure the site within a 28 day deadline. Following the purchase, we were able to provide a new facility of £4.2m to cover 100% of the build costs, Section 106 and CIL payments plus interest and fees.
Development Loan: £4.2m GDV: £7.8m CTV: 54% Bridging Loan: £2m LTV: 65%
We were approached to fund the conversion of former office premises to provide 68 apartments in a good town centre location to the west of London. The borrower is a group comprising experienced development and construction professionals and a wealthy private investor who was prepared to provide a guarantee. They combined their skills and experience to obtain a permitted development approval to convert the existing building and later submitted a further application to add additional floors and re-clad the building. As a result, a rather bland and tired looking office building will be transformed into an attractive apartment development.
Loan amount: £4.1m GDV: £7.45m CTV: 55%
Case files
Customers and locations
• Customers with a proven track record of successful projects and a good understanding of the location and sector they intend to serve
• Customers with a stable and solvent financial position who are able to meet unforeseen liabilities or cost overruns
• Areas of established residential use and products that accord with the locality
Successfully operating in the development finance market for several decades, United Trust Bank
has been a reassuring constant for brokers and developers whatever the financial climate.
Development Finance
DEVELOPMENT FINANCE
When it comes to development finance you will not find a group of people with more knowledge and experience than the Property Development team at United Trust Bank. When you arrange development finance with us you get much more than just a lender. You get the benefit of dealing with a team of property professionals with over 100 years of industry experience between them, gained through every kind of property market. We know the development process inside and out. We understand that development is an exacting business, requiring attention to detail at every step. However, we also know that things don’t always go exactly to plan. If that happens, you and your client will have the reassurance that our pragmatic and flexible approach enables us to quickly adapt and move on. We welcome the opportunity to work with experienced developers who can demonstrate a well thought through project and a passion for outstanding quality and design.
United Trust Bank funds residential, commercial and mixed use
developments for developers with single unit projects, to larger, SME
clients with multi-unit schemes. Our understanding of the property
sector enables us to fully appreciate the needs of brokers and
developers and we tailor our competitive finance packages to suit the
individual circumstances of the borrower and the project. With quick
decisions, a solid funding base and quick stage draw down processing,
you can be sure that the money will always be there when you need it.
we understand
specialist banking
“The issue of new home building in the UK has rarely held a higher priority and the need for lenders to provide funding to SME developers has never been greater. Our understanding of the sector, gained over several decades and through a variety of markets, enables us to fully appreciate the needs of developers and to provide flexible funding solutions backed by experienced professionals committed to delivering the highest standards of service.”
Noel Meredith Director and Head of Development Finance
At United Trust Bank we're proud to be recognised as one of the UK’s leading specialist, independent banks. Our lending divisions strive
to be seen as a first-choice provider of finance solutions by going further to meet the needs of intermediaries and borrowers.
Asset Finance
Using the well-capitalised and stable platform provided by our banking base, we ensure value is added to our broker partners through our exceptional asset class product knowledge and service levels.
Bridging Finance
Our ability to deliver timely funding solutions and to tailor our product offering to the wide ranging
requirements of each case, provide our introducers with the flexibility they need to succeed.
Development Finance
The trusted and enduring relationships we build with our partners stem from the knowledge, and insight we bring to our funding solutions and our diligence and attention to detail in ensuring they deliver.Professional Lending
We understand the professions sector inside and out and that reputations are all important, so work closely with our broker partners to ensure we provide a level of expertise and service they can rely on.
Mortgage Lending
We specialise in bringing highly innovative and competitive products to the market and, by striving to understand our clients’ objectives, enhance those products by offering straight-forward and dependable support.Technology Finance
Supported by our effective and well informed team, our innovative funding solutions allow broker partners to facilitate the purchase of hosted IT services as well as hardware, software and maintenance contracts.12-13
We were approached by a reputable introducer and their customer; a top 200 legal firm. Their usual working capital requirements were supported by an overdraft with an occasional need to finance their Professional Indemnity and Practising Certificates. On this occasion, several cases had been delayed beyond their expected completion date, causing a temporary income shortfall while costs to the business continued. After a brief conversation with the broker and checks on the customer, we agreed to finance their next VAT payment, due within 14 days. Giving the practice a cash lifeline and avoiding
renegotiations with their bank.
Loan Amount: £180,000
Case files
• Solicitors • Accountants • Architects • Barristers • Doctors • Veterinarians • Dentists • Opticians • PharmacistsProfessional businesses we can fund include:
Facilities and Terms
We were contacted by a broker to discuss what they currently offered to their customers and how we might be able to help them maintain their high levels of service,
acceptance rates and competitive pricing. After the initial discussion, we provided the broker with a partner pack, introducer agreement and pricing framework and by the end of the same week they had submitted their first proposal to finance the quarterly VAT obligations of a two partner accountancy firm. It was approved within three hours and shortly afterwards another VAT loan submitted by the same broker was granted to a firm of solicitors.
Loan Amount: £45,000
We were contacted by a broker on behalf of a top 50 accountancy firm which was looking at options for settling a large tax bill for the partners. Following a strong 12 month performance, the firm needed to secure a substantial loan over 6 months at a competitive rate. We were able to swiftly offer the client an acceptance via their broker, ensuring that the rate provided enabled the broker to remain competitive against the firm’s bank and other funding alternatives. The client and the broker are
anticipating renewing their partner tax facilities in July when their next payment will fall due.
Loan Amount: £600,000
One of our valued introducers approached us with a client with 15 partners and over 50 fee earners which, following strong growth, was considering outside funding to assist with their working capital facilities. Following two cash intensive months with their Practising Certificates and Professional Indemnity Insurance due, they had also posted a record billing quarter and needed to settle an impending £500,000 VAT bill. However, due to a poor collection month, and with just 10 days to go, they realised their cash reserves fell short of the sum required. We quickly agreed a loan for half of the VAT bill.
Loan Amount: £250,000
• Facilities range from £10,000 to £1m • Terms aligned to the
product being financed • VAT (3 months) • TAX (up to 12 months) • Professional Indemnity Insurance • Practising Certificates (12 months) • Working Capital (12 months) • Business improvement (36 months)
• Businesses must have been trading for more than three years
UTB is an expert lender to the professions market, supporting brokers who work with solicitors,
accountants, architects, surveyors and the medical profession with short-term financing solutions.
Professional Lending
PROFESSIONAL LENDING
We understand the professions sector inside and out; how professional businesses are funded, partner requirements for equity and performance, and the regulatory
requirements in a constantly evolving marketplace. We deliver simple loan agreements for specific cash flow items that can be proposed, approved and paid out in the same day. We know that standard credit assessments often don’t stack up when considering professional loans and without a knowledgeable lender to rely on, you can find yourself wasting time going back and forth between client and funder. Often with working capital loans, time is a luxury you simply don’t have. Our broker partners have a dedicated account manager who will ensure that all enquiries are addressed promptly, consistently and without fuss. We know that reputations are important to your customers and we strive to exceed your client’s expectations whilst giving you the security of dealing with one of the UK’s most successful specialist lenders.
Prudent cash flow management is critical to any organisation, but there
are often instances where a successful business requires additional
working capital to satisfy large outlays. Whether a two partner
accountancy practice, a global architect or a thirty partner legal firm,
there are frequently VAT, tax and other significant expenses that can
fall due when cash reserves are low. Factor in costly insurances and
regulatory fees and even the most diligent of businesses can
occasionally require some short term financial assistance.
we understand
specialist banking
“We help our broker partners to arrange specific working capital facilities for their clients by delivering some of the most competitively priced finance agreements on the market. At United Trust Bank our dedicated team of experts is always on hand to provide fast and flexible payment solutions for inflexible professional payment obligations, giving you the highest levels of service every time you need us.”
Kevin Flowerday Head of Professional Lending
14-15
Home improvements
A couple want to raise £35,000 to replace their kitchen and build a small conservatory. They live in a 3-bed house valued at £220,000 and a year ago switched their £120,000 mortgage onto a 5 year fixed rate. Their mortgage has a 5%
redemption penalty for the next 4 years, and £35,000 is too large for a personal loan. However, they would be able to raise the full amount with a United Trust Bank BoE base rate tracker. This second charge would allow them to keep their fixed rate mortgage and avoid the redemption penalties they would have incurred with a remortgage.
• Home improvements • Expanding a property
portfolio • Purchasing a car • Children’s tuition fees • Financing a wedding • Paying a tax bill • Consolidating existing
outgoings into one monthly repayment. If the term of the agreement is longer than those being repaid, the total amount repayable may be higher.
Our mortgage loans can be used for:
Our lending criteria:
Car Purchase and Debt Consolidation
A couple are looking for £15,000 to purchase a new car for £5,000 and to consolidate £10,000 of credit card debt onto a lower interest rate. They have a mortgage of £175,000 and want to leave this in place as they are only paying 1.5% on a 1% BoE Tracker. They were not able to raise the money with a further advance as their mortgage company was no longer actively lending. A 5 year fixed rate second charge with United Trust Bank would allow them to clear their credit cards in full and purchase the car they wanted without having to lose their very competitive tracker mortgage.
Buy-To-Let (BTL) Investment Property
A self-employed person wants to release some equity in a BTL property in order to purchase a second. The current BTL is a flat valued at £350,000, with an interest only mortgage of £200,000. By taking a 5 year fixed rate BTL second charge with United Trust Bank, they would be able leave their interest only mortgage in place and raise £50,000 for the deposit for the new flat. This would give them assurance that their repayments would not change for the next 5 years, and because the second charge has no redemption penalties, they could also make additional payments or redeem the mortgage at any time.
Wedding and Home Improvements
A couple want to raise £10,000 towards a family wedding and £90,000 to extend their house with a garage conversion and additional bedrooms. Their property is valued at £850,000 and they have a £480,000 mortgage with 2 years of a fixed rate left to run. Using a second charge BoE tracker from United Trust Bank would enable them to raise the money they needed without incurring costly penalties on their main mortgage. Additionally, as their second charge has no redemptions penalties, they would be able to use a quarterly bonus to make lump sum payments to either reduce the loan’s term or their monthly repayment.
• Many property types considered, subject to valuation
• Employed, Self-Employed and Pension income considered
• Affordability must be evidenced for the entire loan term
• Previous credit history taken into account
Loan examples
Please note these are examples of the types of loans we offer.
United Trust Bank’s range of specialised mortgage products offers individual underwriting expertise
and a focus on exemplary service.
Specialised Mortgages
SPECIALISED MORTGAGES
we understand
specialist banking
“Our highly skilled and experienced specialised mortgage team offers a range of innovative, secured products through a panel of approved
introducers. Our dedicated underwriters consider each case individually to ensure that brokers and customers receive quick and consistent lending decisions based on a deep knowledge of the industry and a common sense approach to lending.”
Robert Owen Head of Specialised Mortgages
We only accept applications via approved introducers who are appropriately regulated and monitored. When an application is received, we assign a dedicated underwriter to each case to ensure that our introducers have a single point of contact throughout the application. The underwriter will stay in close contact with the introducer, giving them informative updates throughout the process. Once the loan has completed, our customer service team will be on hand to assist the borrower throughout the life of the loan with any issues or queries.
We pride ourselves on delivering a high quality service by offering innovative,
competitive products, employing skilled experts and listening closely to our customers’ needs. We are committed to ensuring every application we accept proceeds to a smooth completion.
Not every customer fits neatly into the category of a ‘standard’
mortgage applicant and that’s why United Trust Bank has built a team
of mortgage experts to appraise every application we receive before
making a common sense decision based on the full picture. We lend on
a variety of property types for a wide range of purposes, including
home improvement, car purchase, and consolidation of outgoings, and
we consider employed, self-employed and pension incomes.
16-17
A valued partner of UTB has assisted a top firm of architects for many years. The firm were upgrading their prestigious London offices, including updating their technology
infrastructure. On this occasion, the firm required a longer term loan to accommodate the hardware, software and service costs they were incurring. We agreed to provide the necessary funding to enable them to continue acquiring the technology in their own timescales, without the worry of compiling invoices and stalling supplier payments for a traditional lease. In addition, they were able to pay for their IT over the useful life of the technology, showing instant ROI on their purchase.
Loan amount: £350,000 • Finance Lease • Hire Purchase • Commercial Loan • Technology Finance Agreement (Hybrid) Products Lending criteria We were approached by an introducer with an excellent reputation for representing high quality customers. In this instance the customer was itself a technology company which designs, supplies and supports bespoke computer systems, software and services. The company was looking to upgrade its own systems and, despite a legacy of high debt, the company had a solid balance sheet and was profitable overall. The company needed to fund a combination of hardware, software and services over a 36 month term and because there was a high services element, we quickly agreed to provide finance via our innovative technology rental agreement.
Loan Amount: £104,100
A sole trader law firm, identified by Chambers UK as one of the top firms in London, had undergone a period of growth which included expanding its operations and opening additional offices. The firm now wished to invest in improving their IT infrastructure and required funds for new servers, laptops, software, services and consultancy costs. As it was a relatively small loan, compared to the size of the business and its profitability, we were able to turn the deal around quickly and within six hours of receiving the proposal had agreed a loan to be repaid over 36 months.
Loan Amount: £90,000
We were approached by a broker representing a large, independent manufacturer of automatic transmissions and torque converters for cars and other vehicles. The company is very highly regarded in its field and has contracts with several high profile car
manufacturers. The company is the UK arm of a large, global group and required funds to purchase a range of new hardware including servers and associated technology and
equipment. Although part of a complex international group, there was sufficient merit in the UK arm alone to allow us to provide a 36 month HP agreement with a guarantee from the parent company.
Loan Amount: £40,000
• Facilities from £5,000 to £750,000
• 12 – 36 month lease and loan terms
• All commercial and professional businesses in mainland UK • Non-regulated agreements only
Case files
Assets financed• Desktop technology devices • Mobile technology
• Servers and infrastructure • Software (delivered and
hosted software) • Services (Maintenance,
support and development)
United Trust Bank is a specialist lender providing innovative funding solutions for IT hardware,
software and services to UK businesses through our network of approved introducers.
Technology Finance
TECHNOLOGY FINANCE
With the replacement time for IT hardware decreasing and constant developments in software and IT storage, businesses are reviewing their technology requirements more regularly than ever. In addition, businesses are increasingly viewing their IT systems as they would any other substantial asset, and choosing to pay for it over its lifetime rather than in one lump sum. With this in mind, United Trust Bank’s specialist Technology Finance division has developed an innovative new product, available through its network of approved introducers, which enables customers to not only finance up to 100% of the costs of a traditional hardware/delivered software technology solution, but 100% of the costs associated with a cloud based or hosted services solution, without the requirement for large, up-front deposits.
Technology is woven into the fabric of many UK businesses and is
an enabler for improving sales and reducing costs. A lack of
investment in technology can leave companies at a competitive
disadvantage. New hardware and software solutions can help them
to adopt more flexible working practices, provide greater cost
benefits, increase speed of production or response or just generally
improve connectivity and integration. However, we understand that
the costs associated with purchasing new technology can be a
barrier to business improvement.
we understand
specialist banking
“For many businesses, investment in IT is no longer a nice-to-have but a necessity. At United Trust Bank, our dedicated team of technology finance experts provides broker partners with innovative financial solutions which allow their clients to pay for ‘cloud’ and hosted technology, as well as more traditional hardware and software technology, over the useful life of the asset. Our financial solutions are funding the future of IT expenditure.”
Kevin Flowerday
we understand
specialist banking
Contact us – 020 7190 5555
Contact our Asset Finance Team
Email assetfinance@utbank.co.uk www.utbank.co.uk/asset-finance
Asset Finance
Contact our Bridging Finance Team
Email bridging@utbank.co.uk www.utbank.co.uk/bridging-finance
Bridging Finance
Contact our Development Finance Team
Email development@utbank.co.uk www.utbank.co.uk/development-finance
Development Finance
Contact our Professional Lending Team
Email professions@utbank.co.uk www.utbank.co.uk/professional-lending
Professional Lending
Contact our Specialised Mortgages Team
Email specialisedmortgages@utbank.co.uk www.utbank.co.uk/specialised-mortgages
Specialised Mortgages
Contact our Technology Finance Team
Email techfinance@utbank.co.uk www.utbank.co.uk/technology-finance
Technology Finance
This information is strictly for the use of professional intermediaries only.