United Trust Bank (UTB) has announced the appointment of Sundeep Patel to the role of director of bridging.
He will start his new role on the 1 November 2022 with a mandate to grow the bank’s short-term lending business.
Patel has worked in the financial services industry for over 20 years and was most recently director of sales and member of the commercial executive committee at specialist lender Together, and was in charge of its intermediary channel.
UTB’s bridging division has significantly increased its new business volumes in the last 12 months following the introduction of new services, such as FastTrack, and the implementation of technology to accelerate bridging applications.
Earlier this year, the bank refreshed its non-regulated bridging proposition with enhanced criteria and created a team of underwriters and case managers specifically tasked with accelerating non-regulated bridging proposals.
Commenting on his appointment, Patel said: “I am really excited to get to work at UTB and I am looking forward to finally meeting the whole bridging team and catching up with people I haven’t seen since the summer. We have exciting plans to kick off as we set out on a journey to make UTB the first choice for all bridging finance.”
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