The specialist mortgage packager/distributor was approached by a broker after his client had already exchanged contracts on a property after paying a large non-refundable deposit having assumed that she could complete the sale of another property in time.
The client had placed her unencumbered £2.8m property on the market, but had not yet received any firm offers.
AToM – who worked closely with the broker, lender and the legal teams – managed to obtain a loan with huge support from UTB, allowing the deal to be completed just ahead of the deadline.
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“This was a classic example of everyone pulling together for the benefit of the client,” said Vic Jannels, chairman of AToM.
“UTB could not have been more helpful and the broker worked closely with the client to ensure all documentation was delivered as soon as it was requested.”
Rob Love, bridging and short-term finance specialist at UTB (pictured above), added: “Completing this loan from a standing start in nine days with no existing valuations available to re-address is an excellent result and testament to the great teamwork between United Trust Bank and AToM.”
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