United Trust Bank (UTB) has appointed Gary Lomax as business development manager in its bridging finance division, as it continues to develop its broker support across the country. Lomax brings almost two decades’ experience in the specialist finance sector, having worked with lenders including Shawbrook Bank, Selina and most recently, Together Money, where he was regional account manager for the North. He has extensive knowledge of the industry, covering fields including bridging, residential and commercial real estate finance, and buy-to-let. Lomax will report to UTB's bridging head of sales, Paula Purdy.

Suros Capital has reported a 40% increase in the number of enquiries made specifically about business purposes this year. The short-term luxury asset lender has reported cases which include helping a solicitor buy into a legal partnership with a £100,000 loan against a collection of watches and a businessman looking to part fund an opportunity in the hospitality sector, and was able to raise £315,000 from Suros Capital against his luxury watch collection to make the deal happen. In another case, a wine merchant and collector secured a loan of £100,000 against a wine collection, which included a bottle valued at £16,000.

Mortgage Intelligence has appointed John Cupis as its new managing director, following the announced retirement of Sally Laker, who has worked at the firm for 27 years. Cupis will start his new role on 1 January 2024, and will look after Mortgage Intelligence and his current company, Dynamo, up until Laker’s retirement date, which is yet to be decided. She will continue to support Cupis and the team as director throughout the transition period. Laker joined Mortgage Intelligence in 1996 as a start-up with just five people and went on to become director after six months at the firm, progressing to managing director within her first year. Last year, the firm delivered £18bn in mortgages, driving £3.3m in profit.

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