The lender said this will strengthen its ability to support developers and investors operating in an increasingly complex and diverse UK property market.

The combined division will provide a broad range of solutions spanning acquisition, development, refurbishment, investment, stabilisation and refinancing across residential, commercial and mixed-use property throughout England and Wales.

The new division is led by Adam Bovingdon (pictured above) as managing director of real estate finance.

Supporting Adam will be Orla Costello, leading property development across London and the South East, Andy Thomson, overseeing living sectors and property development in the regions, Liam Lawlor, heading up structured property finance and Ben Peters leading strategic partnerships.

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Adam said: "The way our customers approach development and investment has evolved considerably in recent years.

“Today's developers are increasingly operating across multiple sectors, tenures and funding strategies, requiring a lending partner capable of supporting them throughout the entire property lifecycle and across a variety of project types.

“Bringing together our property development and structured property finance divisions enables us to do exactly that.

“This is an exciting new chapter for UTB. We've combined two exceptional teams with complementary skills, deep sector expertise and a shared commitment to relationship banking.

“We remain committed to supporting developers and investors through changing market conditions and helping them capitalise on opportunities wherever they arise.”