United Trust Bank (UTB) was named Property Lender of the Year (Under £20m) at the UK’s longest standing property awards – The PROPS – held at the London Hilton, Park Lane on the 10th of May 2022.
UTB’s Property Development division achieved a record year for new lending in 2021 pushing its Property Development loan book beyond £1billion for the first time. UTB has also increased its Sales team in the division to 24 Property Development Directors and Managers supporting housebuilders operating across England and Wales. In addition, last year UTB formed strategic partnerships with Government agencies designed to help housebuilders and developers gain access to competitive, higher geared funding.
The prestigious PROPS Awards gala, now in its 30th year, recognises excellence in the property industry but is also one of the real estate industry’s key fundraising events, helping to raise money to purchase wheelchairs for disabled and disadvantaged children and young people throughout the UK. Since its inception in 1992, the PROPS, dedicated to the UK’s property industry, has raised over £10.5 million, funding 2,100 custom-built wheelchairs and other essential items for children and young people all around the UK.
Receiving the award on behalf of United Trust Bank, Adam Bovingdon, Head of Property Development, said: ”Our personal approach to development finance combined with the team’s deep knowledge of the construction industry has attracted housebuilders & developers delivering outstanding homes across England and Wales. I’m delighted UTB has won this award and it represents the hard work and dedication shown by the whole team in developing a compelling offering to housebuilders and assisting the resurgence of the sector.”