Our joint applicants wanted to remortgage and release funds to build a garage and replace the gutters on their home. The borrowers had accumulated 14 credit defaults over the last six years following a job loss, with 12 of the defaults recorded in the last three years. UTB only had to consider 4 out of the 12 as the majority were missed comms and mail order payments for less than £300, and we were therefore able to offer a 0-status product as the remaining were less than £10,000. Land Registry still showed the property in the Mrs maiden name, but we were still able to turn the case around quickly
| Why UTB? | Applicants had a combined 14 defaults over 6 years ago due to job loss, 12 within 2-3 years |
| Product | Remortgage for new gutters |
| Applicant | Joint application. Land registry still showed in Mrs Maiden name |
| Timings | 15 working days from submission to funds release |
| LTV | 69% |
| Loan Term | 19 years |
| Loan reason | Debt consolidation |
| Special Feature | UTB only had to consider 4 of the 12 defaults as the majority were under £300, mail order and communication suppliers. Case placed on 0-status as remaining were less than £10k. |