United Trust Bank targets the North
The London-based challenger bank currently provides development and bridging finance beyond London and the South East, but with growth in the UK residential market shifting upwards UTB wants to be a bigger player in the North.
Noel Meredith, executive director of United Trust Bank, said: “As part of our plans to increase the bank’s presence in the North, we are looking to recruit experienced property finance bankers who will be based in the area.
“Their objectives will be to develop new business opportunities by building relationships with brokers and developers and introducing them to UTB’s award winning development and bridging finance services.
“We see great potential for the role and for the bank to become a significant property finance lender supporting individuals, property investors and SME developers across the North of England.”
He added: “Much of the activity and growth over the last five years in the UK residential market has come from London and the South East but the recovery continues to spread across the country.
“We are already participating in this growth but wish to increase our funding of successful developers and property entrepreneurs who are based in the North of England.”