United Trust Bank (UTB) has appointed Andy Porter as senior director to its business development team in the South of England.
Porter has worked in real estate finance for around 25 years for lenders including RBS and Barclays, and was most recently business development director at Close Brothers.
In his new role, he will predominantly be assisting housebuilders and developers operating across the South of England in securing flexible and competitive funding for a wide variety of residential and resi-led mixed use developments for both the build-to-sell and build-to-rent sectors.
Adam Bovingdon, head of property development at United Trust Bank, said: “Andy has joined us at an excellent time as we’re seeing high levels of enquiries from housebuilders and developers looking to take advantage of increasing activity in the market as well as the government’s commitment to get Britain building. 2024 was a successful year for the bank’s property development team. At the close we were helping our developer customers create around 4,500 new homes across England and Wales and we are aiming to help housebuilders deliver even more in 2025.”
Porter added: “UTB has established an excellent reputation as an experienced and reliable relationship lender. I am excited to have joined the bank at this busy time as it continues to support SME housebuilders and targets further lending growth this year and in the future.”
