United Trust Bank expands property development team with three hires

United Trust Bank has announced three new appointments to its property development team in response to increased enquiries from housebuilders and property developers in the first half of 2024.

The specialist lender has appointed Daniel Carlisle as senior director for property development and Sean Skelt and Gary Hunt as property development managers.

Daniel Carlisle has over 25 years’ experience in real estate banking working with lenders including Investec and NatWest/RBS in sectors including residential development, prime/high end housing, BTR and commercial real estate. In his new role, he will be supporting housebuilders and developers operating across London and the South of England with a range of development finance and exit solutions.

Gary Hunt joined UTB from Close Brothers Property Finance where he was a senior portfolio manager. He has worked in banking for nearly 25 years and in his role as property development manager will work closely with senior director Paul Flannery, supporting Paul’s portfolio of existing clients and introducing new housebuilders and developers to UTB’s range of funding solutions.

Sean Skelt has extensive experience in property finance, structuring and managing residential and commercial investment loans whilst funding a wide variety of new build and PDR residential schemes together with alternatives including student and co-living projects. Sean joined UTB from Arbuthnot Latham, where he has spent the last 4 years, and has also worked at Metro Bank. He is now using his previous experience to build long-term relationships with housebuilders and developers operating across Greater London and the South of England.

Adam Bovingdon, head of property development at United Trust Bank, commented: “We’ve had a busy year so far with credit approvals of almost half a billion pounds in the first 6 months of 2024. With economic indicators improving, we expect housebuilders and developers to approach the future with growing confidence and for activity to increase still further.

“I am delighted to welcome Daniel, Gary and Sean to UTB as they join an extensive team of skilled and experienced lending directors and managers supporting housebuilders and developers across the country with a variety of dependable development finance and developer exit solutions.”