United Trust Bank (UTB) has appointed Andy Porter (pictured) as senior director of its business development team.
UTB said the hire within the business development team would enhance support for housebuilders and developers in the South of England.
In his role at the lender, Porter will help assist housebuilders and developers across the South of England in securing flexible and competitive funding for residential and resi-led mixed-use developments for the build to sell and build to rent sectors.
Porter said he worked at Close Brothers Property Finance for around 12 years, initially joining as a senior business development manager (BDM) for property finance and then becoming business development director.
Prior to that, he was a relationship director at Barclays for around two years, and before that, he was the director for corporate banking at Royal Bank of Scotland Business for around nine years.
Adam Bovingdon, head of property development at UTB, 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.
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“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.”
UTB recently hired Andy Thomson to the newly created role of senior director for operational real estate.
Thomson’s initial focus was on delivering loans to developers and investors operating in the built to rent sector, and he will also explore opportunities in purpose-built student accommodation (PBSA) and co-living.
