United Trust Bank plans to increase its presence in the unregulated bridging market as part of ‘transformative’ plans for 2026.
The lender also envisages driving growth in transferring refurbishment loans to buy-to-let.
The bank went public on its plans after hiring experienced professional Andrew Ferguson as commercial director of mortgages, buy-to-let and bridging.
Ferguson said: “I am delighted to join such a well-respected business and look forward to working with the team to further evolve the proposition across buy to let, bridging and mortgages.
“UTB is well placed to grow in these markets and has great people who are passionate about specialist lending and ensuring we look after our customers and intermediary partners. 2026 will be an exciting year for UTB and I’m delighted to be a part of the journey.”
Ferguson previously held senior roles in specialist lenders like Foundation Home Loans, Axis Bank and most recently as managing director of buy-to-let at West One Loans.
He will report to Buster Tolfree, managing director of mortgages, buy-to-let and bridging, while he will focus on driving growth and plans the bank labelled ‘transformative’ in 2026.
Tolfree said: “I am excited about the opportunities which lie ahead… and Andrew is going to play a pivotal role in helping us to drive business growth in those markets. Bring on 2026!”