Development FinanceNews

UTB looks to grow development finance team

United Trust Bank is looking to grow its development finance team following an increase of enquiries.

Earlier this year United Trust Bank appointed Steve Grant to develop its property finance business in the North of England. However, alongside increasing its presence in the North, the Bank has continued to see a steady increase in enquiries for development finance across the country.

Noel Meredith, executive director of United Trust Bank, said: “With so much uncertainty around Brexit and the consequences of Donald Trump winning the US Presidential election, some may be surprised to learn that we’re continuing to grow and invest in our Development Finance division. However, whilst there’s no doubt that 2017 will bring some challenges, we’re confident about the future and committed to supporting SME developers by providing the financial backing for some of the hundreds of thousands of new homes we need to keep building if we’re going to tackle the UK’s housing shortage.

“As such, we’re looking to recruit an experienced property finance banker who will help to ensure that we can continue to provide the highest levels of service to our existing customers and supporting brokers, whilst at the same time growing the division by introducing UTB’s award winning development finance offering to new broker contacts and developers.”

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