United Trust Bank has promoted David Masters to the newly created role of associate director – intermediaries within its property development division.
Masters (pictured) joined the bank in 2022 as a manager in the property development team, following previous roles at Hampshire Trust Bank and Oblix Capital. He has since worked with a broad range of housebuilders and finance intermediaries across the Midlands, supporting schemes with bespoke development finance solutions.
His promotion comes as UTB continues to expand its presence in the Living sector, having recently broadened its offering to include Build to Rent finance. In his new role, Masters will be responsible for enhancing engagement with commercial finance brokers and intermediary networks serving developers and investors throughout England and Wales.
BUILDING AWARENESS
The bank said Masters will work closely with the wider relationship team to identify new opportunities and increase originations, with a particular focus on building awareness of UTB’s expertise and product set among brokers and debt advisers nationally.
Despite ongoing economic pressures and a subdued housing market, UTB reported a record first half of 2025, with development finance loan commitments exceeding £1.5bn for the first time. The bank estimates that its funding is supporting the delivery of around 4,500 new homes at any one time.
Commenting on his appointment, Masters said: “I am excited to take on 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.”
