United Trust Bank Provides £2.45m Regulated Bridging Loan from App to Completion in 15 Days Without AVMs

05 February 2026

United Trust Bank (UTB) Bridging working with SPF Private Clients have completed a £2.45m regulated bridging loan from application to completion in 15 days without using AVMs.

Amadeus Wilson, Executive Director and Head of Short-Term Finance at SPF Private Clients, approached Brad Illman, UTB’s Head of Sales – Bridging, with a couple wishing to purchase their next home before selling their current home. However, for this classic bridge, speed was vital.

The customers had already exchanged contracts on their purchase with a 10% deposit on the basis that the balance required to complete would be gifted to them by a family member. Unfortunately, the offer of the substantial gift was suddenly withdrawn leaving the couple with a shortfall of over £2.2m including a substantial SDLT liability. The clock was now ticking to raise the funds needed to complete the purchase.

Both properties were in South-West London and valued at over £2m and with a £2.45m regulated bridge required, two full valuations were needed. The valuations and solicitors were instructed the day the application was received at UTB, and both valuations were received back within 8 days. The case received credit approval the following day and completed less than a week later, enabling the couple to complete the purchase of their new home and ending what had become an unexpectedly stressful transaction.

Brad Illman, Head of Sales – Bridging, United Trust Bank said:

“This transaction demonstrates perfectly that UTB can leverage its great broker, valuer and solicitor relationships to complete large and challenging loans quickly when circumstances call for it. Working with skilled and experienced brokers like Amadeus and the team at SPF makes it easy to do our job and deliver fast and successful outcomes for everyone.”

Amadeus Wilson, Executive Director and Head of Short-Term Finance at SPF Private Clients commented:

“The completion of this loan on time was down to great teamwork and UTB’s expertise in delivering larger regulated loans quickly and smoothly. It was a pleasure to work with Brad and the UTB team in helping our clients through what had become an unexpectedly stressful purchase.”