The new combined division will be led by Buster Tolfree who has been with United Trust Bank for 11 years.
This update comes as Sundeep Patel, who has been director of bridging at the lender for over two years, is set to leave the bank to explore new opportunities.
Once the merging of the lending divisions is complete, brokers will be able to submit residential mortgage, BTL and bridging proposals through a single portal.
The mortgages and bridging sales teams will work more closely together with a focus on building and maintaining broker relationships.
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The bank said that collaboration between the BTL and bridging offerings will allow it to further develop the amount of bridging business currently exiting to a BTL mortgage.
UTB will announce several new appointments in due course.
Mark Stokes, CCO at UTB (pictured above), commented: “This is an exciting evolution of UTB’s offering and service proposition to mortgage and bridging intermediaries which will deliver significant benefits to brokers and customers and drive future growth.
“We will continue to compete at the highest levels on service and price and ensure our business is scaled to meet growing demand and underlines why UTB is an award-winning bank.”
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