Aldermore has promoted Andy Sears to the role of property development manager.

The specialist team is led by Peter Owen, head of property development lending. Sears (pictured) is responsible for assessing, structuring and progressing property development loan applications from initial submission through to final completion.

Sears was previously a regional sales manager with Aldermore Invoice Finance and prior to that was part of the commercial banking team at NatWest for six years.

He said: “Many regional property developers are finding that good quality projects are being held up because of lack of funding.

“Aldermore is able to help experienced property developers across the country get such projects back on track and I look forward to speaking to them during the months ahead.”

Owen added: “I’m delighted to welcome Andy to our growing team. His understanding both of commercial banking and Aldermore will be an invaluable help, as he takes responsibility for his new role as a Property Development Manager. I would like to wish him every success for the future.”