The UK private credit market has expanded rapidly in recent years, particularly in real estate lending. As traditional banks tighten their lending criteria, diverse non-bank lenders have stepped in to fill the gap, offering flexible and tailored financing solutions.
These lenders include debt funds, private equity firms, insurance companies, family offices, hedge funds, pension funds, specialist real estate lenders and peer-to-peer (P2P) platforms.
Each plays a distinct role, often supporting businesses and property developers unable to secure traditional bank loans.
This expansion has increased competition, benefiting borrowers with faster decision-making and more creative deal structures. However, the sector also faces growing competition, evolving regulations, and the urgent need for skilled professionals to navigate an increasingly complex landscape.
Regulatory Changes Shaping Non-Bank Lending
Non-bank lenders operate with fewer regulatory constraints than traditional banks, allowing them to move quickly and take on higher-risk projects. Without customer deposits, they aren’t restricted by the same capital, liquidity, or stress test requirements, enabling them to offer tailored funding solutions that banks often can’t match.
However, new regulations are reshaping the sector. By March 31, 2025, non-bank lenders must comply with the FCA and PRA’s operational resilience requirements, ensuring they can maintain service continuity during disruptions – critical for SMEs reliant on property finance.
Another key development is the Bank of England’s Contingent Non-Bank Financial Institution Repo Facility (CNRF). While primarily aimed at larger institutions, this facility provides liquidity during market stress, indirectly benefiting SMEs by ensuring stability in the financial system. Additionally, the Remediation Acceleration Plan could impact lenders by influencing loan terms and eligibility criteria, making regulatory awareness even more essential.
The Talent Edge in Non-Bank Lending
With increasing competition and regulatory complexity, securing top talent is more important than ever. Non-bank lenders require professionals who understand real estate finance and can thrive in a fast-paced, entrepreneurial environment.
Chamberlain connects lenders with the right talent to drive growth and stay ahead. As a specialist real estate finance recruiter, Chamberlain brings deep market insight, an extensive network, and a keen understanding of what makes a candidate the right fit – whether for an origination role in a UK property fund, a portfolio manager in a challenger bank, or a business development lead focused on property investment.
“In the past year, we’ve placed multiple originators in property finance for non-bank lenders, with salaries rising by up to 40% compared to two years ago,” says Chris Notley, MD at Chamberlain. “Competition for top talent is fierce, and securing the right people has never been more critical.”
As non-bank lending evolves, attracting professionals with the right mix of technical skills and commercial acumen will be crucial. Whether an experienced originator, a restructuring expert, a business development leader or a specialist credit sanctioner, the right hire can drive growth and keep firms competitive in this fast-moving market.
Click here to explore recent placements and discover the talent we’ve secured for our clients.
Please get in touch
Chris Notley
Managing Director
chris.notley@chamberlaincareers.com
