Paul Varley

Major bank appoints new property head

Lloyds Bank Commercial Banking has appointed a new head of property for the North East of England and Yorkshire.

Paul Varley (pictured above) will lead one of Lloyds Bank’s largest regional real estate teams, helping its relationship managers to support clients in buying, refinancing and developing commercial and residential investment properties.

His appointment follows nearly 30 years of service with the group.

“The real estate sector is integral to the North East and Yorkshire economy and Lloyds Bank has a dedicated team of experienced relationship directors who are committed to supporting firms with the kind of specialised expertise and tailored finance they need to grow,” said Paul.

“We invest time in understanding our clients’ business and commit to building strong relationships that are focused on helping them achieve their ambitions.

“I’m confident that my experience will enable me to lead the team to build on its success and continue supporting new and existing clients in making the most of the opportunities they face.”

Lloyds Banking Group recently partnered with the Royal Institute of Chartered Surveyors (RICS) to launch a professional training and assessment programme.

The bank claims to be the first organisation to put 120 employees through the RICS certification.

These recent developments mark the latest in a string of measures from Lloyds Bank designed to boost Britain’s housebuilding.

As part of Lloyds Bank’s Helping Britain Prosper plan, the government has matched a £50m investment from the bank to create the £100m Housing Growth Partnership.

The joint venture scheme invests between £500,000 and £5m in housing developments alongside smaller builders.

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