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United Trust Bank appoints underwriting boss for bridging

  • 25/01/2022
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United Trust Bank appoints underwriting boss for bridging
United Trust Bank (UTB) has appointed Nikki Brett (pictured) to the new position of head of underwriting for the bridging division.

The key appointment follows the growth of the division’s underwriting team over several years and supports plans for the continued expansion of the bank’s bridging operations.

Brett and recently appointed head of sales, Owen Bentley, both report in to Gavin Diamond, UTB’s director for bridging, Gavin Diamond.

Brett brings a wealth of experience in bridging and specialist lending with a career spanning 30 years and working with lenders including Shawbrook Bank and Borro, as well as founding specialist finance consultancy Liquidity Central.

Most recently Brett was head of operations for development finance at Hampshire Trust Bank.

Diamond said: “2021 was a successful year for UTB’s bridging business which has continued to transact record levels of new lending, despite the additional challenges and uncertainty created by the ongoing pandemic.

“Nikki brings considerable experience to the team and fills a key role as we continue to grow. Our commitment to employing skilled and knowledgeable people alongside the implementation of technology to accelerate and simplify broker and customer journeys is cementing our position as a ‘go to’ lender for brokers with a wide variety of bridging requirements.”

Just before Christmas, the lender increased its maximum mortgage size for first charge residential loans to £1m, up from £750,000.

The change followed feedback that customer demand for larger mortgages was increasing and not being catered for by mainstream lenders.

Loans of up to £1m are available for residential purchases for existing homeowners, first-time buyers and remortgages.


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