The firm has hired Philip Kirkwood, Greg Pescott and Tom Edmunds to help support property developers across the UK.

Philip joins as senior relationship director where he will be responsible for originating new deals and building a portfolio of developers and housebuilders across the south east and London.

He was also one of the founding members of Shawbrook’s development finance team in 2016 and is rejoining the firm after a stint at United Trust Bank.

Meanwhile, Greg and Tom have been hired as relationship directors.

Overseeing the south west and wales, Greg previously worked at Hodge and Aldermore and Tom, who joins from CrowdProperty, will oversee the midlands.

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Both will focus on delivering bespoke funding packages to support developers, from planning right through to the sale of projects.

“We recently surpassed £2bn in lending which makes it an exciting time for the development finance team. We’re delighted to be expanding the team with some fantastic new hires; it’s great to see Philip return to Shawbrook to be part of the journey, and I look forward to working alongside Greg and Tom as we continue to expand our regional teams across the UK,” said Terry Woodley, managing director of development finance at Shawbrook.

“The diverse experience of all our new hires will be fundamental in growing our exposure and strengthening our support for developers, with bespoke funding for their projects.”