Pluto Finance

Pluto Finance hires new head of lending

Pluto Finance has hired Phil Hooper (pictured above) as its new head of lending.

p>He joins the specialist property lender from NatWest, where he spent five years as the bank’s head of real estate finance. 

Following the appointment, Pluto said it plans to increase lending to developers and investors active in the residential sector to help support the delivery of housing stock across the UK. 

So far, Pluto has lent more than £2.5bn, financing the delivery of 10,000 new homes since its inception in 2011 — with an additional 2,000 dwellings currently under construction. 

Justin Faiz, founder and CEO at Pluto, said: “We have the capability to challenge the traditional banks in real estate lending, supported by investment from global institutions, such as the private pension scheme Universities Superannuation Scheme (USS), among others.

“Phil’s appointment is the next step in our strategy with his strong market-facing presence, exceptional track record and client network. 

“With Phil on board, the next 12 months will be pivotal for our five-year growth plan.”

Phil added: “Pluto is an established, yet agile lender powered by strong investor capital.  

“There is a wealth of expertise in the team, and  I’m excited to be joining the business at a time when the market begins to re-adjust following such a turbulent year.  

“I'm focused on building a relationship-driven business, working in partnership with our customers and proving bespoke lending solutions.”

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