Sure. But that's not what Turing was talking about. Give a UTM a computable function, and the UTM will compute it. Specify an infinite class of functions F(t), and of course a UTM will have trouble.
There's no contradiction here, just a really weird way of defining "function".
In order to evaluate a lambda you need to be able to compute an arbitrary function of arbitrary variables; with infinite resources, you should be able to process infinite variables? Surely there's work done on UTMs and lambdas.
The concept doesn't make sense. Lambda functions don't do anything, they're just notations. The process of beta reduction is what causes things/computation to happen. Beta reduction rewrites all the lambda functions, hence they're no longer the same functions. What you're saying is something like: a computer can't compute "computation".