Commercial News

United Trust Bank expands development finance team

Rozi Jones -
|
17th July 2018
UTB dev sales team
"We now have nine property development directors and managers, and a head of sales, serving developers and brokers all over the country "

United Trust Bank has appointed two new property development managers to its development finance division.

Phil Bird joins from Arbuthnot Latham where he was a senior manager in the commercial banking division. At UTB, he will build relationships with brokers and developers across the southern half of England and Wales.

Evan Griffin joins the firm after 11 years at Lloyds Bank, most recently in the commercial banking and real estate divisions working directly with development and property investment clients.

Evan is introducing UTB’s products and services to new and existing UTB customers operating predominantly in Yorkshire and the North East.

Phil and Evan join a team of originators which has doubled in size in the last six months expands its presence to regional brokers and customers.

Noel Meredith, executive director of United Trust Bank, commented: “United Trust Bank has had a strong presence in the development finance sector for many years but over the last six months we’ve expanded the team further. We now have nine property development directors and managers, and a head of sales, serving developers and brokers all over the country from Cornwall in the South West to the coast of Wales, the Midlands and up to the lakes of Cumbria in the North of England. This growth follows another successful year for development finance at UTB and our securing an ENABLE guarantee from the British Business Bank which greatly increases our capacity to lend to SME house builders.

“The continued expansion of our activities and investment in the team underlines our commitment to serving UK house builders through the property cycle. Although there seems to be an almost constant state of political and economic uncertainty, our outlook for the UK property market remains positive and our ambition is to be the first-choice lender for house builders and developers building homes and investing in communities. With an increased capital base, we have funds immediately available to lend to those experienced developers wishing to build the right homes in the right places and for the right prices.”

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