UTB was approached to provide a £225,000 85% LTV FTB mortgage on a flat above a social club in Bristol. Although the borrower had missed a comms payment in the previous 12 months, the Bank offered a 0-status product as the adverse was less than £300. The case proceeded from application to offer in just 13 days.
| Why UTB? | A FTB mortgage on a flat in Bristol above a social club |
| Product | Residential Mortgage, 0-status |
| Loan | £255,000 – 85% LTV |
| Applicants | First-time-buyer with minor adverse – communications default less than £300 |
| Timings | 13 days from application to offer |