United Trust Bank (UTB) has promoted David Masters to the role of associate director – intermediaries within the firm’s property development division.
Masters joined United Trust Bank in 2022 as a manager in the property development division working with housebuilders and introducers operating across the Midlands. Prior to that, he worked for lenders including Hampshire Trust and Oblix Capital.
In his new role, Masters will focus on creating and deepening relationships with commercial finance brokers and intermediary networks advising developers and property investor clients operating across England and Wales.
Masters said: “I am excited to take on this this new position in the property development team and look forward to working closely with experienced real estate finance introducers. These professionals do more than secure appropriate and competitive development finance. They help build strong, lasting relationships between lenders and clients. Such partnerships are essential to driving long-term success and helping deliver the new homes this country needs.”
Adam Bovingdon, head of property development at United Trust Bank, added: “David brings a great deal of knowledge and enthusiasm to this new role and will do an excellent job of developing our important relationships with real estate finance intermediaries and debt advisory firms. UTB continues to demonstrate its support of SME housebuilders with a strong appetite to support experienced developers and investors across build to sell and build to rent sectors.
“We are aiming to maintain our momentum, continue to develop our proposition and service and use the huge amount of expertise within the property development team to ensure our customers thrive and grow whatever the economy and market have in store.”
