UTB said it sees potential for further growth in the North after funding a number of projects in the Midlands and East Anglia.
United Trust Bank has appointed Steve Grant as a property finance business development manager for the North of England.
UTB said it sees potential for further growth in the North after funding a number of projects in the Midlands and East Anglia.
Grant has joined from Barclays Bank where he was a senior real estate manager responsible for multi-million pound property funding deals in the North West and North Wales.
The bank’s development and bridging finance divisions are looking to support developers and brokers in that region after holding specialist lending roadshows in South Yorkshire and the East Midlands.
Noel Meredith, executive director of United Trust Bank, said: “The majority of our activity and growth has so far been generated from London and the South.
“As the push to build hundreds of thousands of new homes countrywide continues, we are very well placed to encourage that activity by introducing our services to successful SME developers and property entrepreneurs based in the North of England.
“I am delighted that Steve has joined the bank and is keen to carry our message to a part of the country he knows intimately.
“Steve has worked in the North West his entire career working with businesses and developers in Manchester, Cheshire, Liverpool and wide surrounding area.
“He brings with him extensive knowledge of the region’s property market and economy and his experience backed by UTB’s award winning products and service are sure to be a successful combination.”
“There’s currently a perception amongst a large number of property finance brokers and developers that the Brexit, and any property market nervousness which may follow, will lead to a shortage of development funding, especially for SME developers.
“However, although some funders may have reconsidered their appetite for development finance, UTB is committed to supporting developers and property professionals as they work towards tackling the nation’s housing shortage and we have the funds available to do just that.”
