United Trust Bank Property Development Promotes David Masters to New Associate Director - Intermediaries Role

19 August 2025

United Trust Bank (UTB) has promoted David Masters to the role of Associate Director – Intermediaries within its Property Development division as it continues to expand its support of broker and debt advisory firms operating in the real estate development and investment sector.

David has worked in the real estate finance industry since 2017 with lenders including Hampshire Trust and Oblix Capital. He joined United Trust Bank in 2022 as a Manager in the Property Development division working with housebuilders and introducers operating across the Midlands and supporting their activities with a range of bespoke property development finance solutions.

UTB is continuing to expand its offering in the Living sector and support an ever-growing portfolio of housebuilders and developers. In his new role David will be focused on creating and deepening relationships with commercial finance brokers and intermediary networks advising developers and property investor clients operating across England and Wales. He will work alongside the Property Development relationship team and seek opportunities for UTB to increase collaboration with intermediaries and grow originations through building awareness of the Bank’s expertise and product range amongst real estate finance brokers and debt advisories nationally.

Despite continuing challenges in the housing market, UTB has delivered a busy first half in 2025, generating record originations and increasing its development finance loan commitments beyond £1.5bn for the first time. In addition, UTB broadened its development finance offering to include Build to Rent (BTR) finance and UTB estimates that its funding is helping to support the creation of around 4500 new homes at any one time.

Taking up his new role, David 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 commented:

“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.”