Residential Latest Departure
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 and garage
Applicant
- Joint application. Land registry still showed in Mrs Maiden name
Timings
- 15 working days from submission to funds release
Special Features
- UTB only had to consider 4 out of the 12 defaults as the majority were under 300, mail order and Communication suppliers. Case placed on 0 status as remaining were less then 10k
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.
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