YBS Commercial Mortgages has boosted its team with the appointment of two new regional directors to lead its expansion into the North West as well as South Wales and the South West.
The appointments have been made after YBS Commercial Mortgages recently announced it is opening three regional commercial lending hubs in Manchester, Birmingham and Bristol.
Allan Griffiths will lead the YBS Commercial Mortgages team which will be based in offices at the Yorkshire Building Society branch in Bristol, serving property investors and businesses across South Wales and the South West. Allan has previously held senior leadership positions in Barclays and Lloyds, where he was regional director for Wales and the West. Allan has 30 years of banking relationship and lending experience.
YBS Commercial Mortgages has also recruited experienced property banker Sarah Prescott as regional director to lead its expansion into the North West. Sarah will lead a team based at the Yorkshire Building Society branch in Manchester and will service property investors and businesses across the North of England.
Sarah has previously worked as a relationship director for Alliance & Leicester and Santander in Liverpool and Manchester and has 20 years of direct lending experience. Sarah brings insight and understanding of the property sector in the North.
“I am excited by the opportunity to open a new Regional Office and build a dedicated lending team in Manchester to support the growth of YBS Commercial Mortgages. I am looking forward to establishing relationships with key partners across the North of England.”
YBS Commercial Mortgages is committed to lending £300 million in 2020 in support of its national growth plans.
“YBS Commercial Mortgages is a strong brand with a suite of award-winning products and services. I am keen to work with investors and businesses in the West of England and South Wales, who I am sure, will appreciate our approach and I am excited by YBS Commercial Mortgages commitment to the region.”
Tom Simpson, director of commercial lending at Yorkshire Building Society, said:
‘I am delighted that Sarah and Allan are joining our growing team and I am sure that they will quickly establish YBS Commercial Mortgages as an active lender in their regions.