United Trust Bank (UTB) is supporting housebuilders and developers operating in the South of England with the appointment of Andy Porter as senior director in its business development team.
Porter (pictured) is an experienced career banker having worked in real estate finance for around 25 years with lenders including RBS and Barclays. Most recently he was business development director at Close Brothers.
In his role at UTB, Porter will predominantly be assisting housebuilders and developers operating across the South of England in securing flexible funding for residential and ‘resi-led’ mixed use developments for both build to sell and build to rent sectors.
Porter’s appointment follows Andy Thomson recently joining UTB in the newly created role of senior director – operational real estate. He is initially focusing on delivering loans to developers and investors operating in the Build to Rent sector, before exploring opportunities in adjacent markets including Purpose Built Student Accommodation (PBSA) and Co-living.
Adam Bovingdon, head of property development, 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 4500 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.”
