United Trust Bank (UTB) has promoted David Masters to associate director, intermediaries, within its property development division as it expands support for broker and debt advisory firms working in real estate development and investment.
Masters has worked in real estate finance since 2017, holding roles with Hampshire Trust and Oblix Capital before joining UTB in 2022 as a manager in the property development division.
In his previous role, he supported housebuilders and introducers across the Midlands with bespoke finance solutions.
In his new position, he will focus on strengthening relationships with commercial finance brokers and intermediary networks advising developers and investors across England and Wales, working alongside UTB’s property development relationship team to increase collaboration and awareness of the bank’s product range.
The promotion follows a strong first half of 2025 for UTB, with development finance loan commitments exceeding £1.5bn for the first time.
The bank also broadened its development finance proposition to include Build to Rent funding, estimating that its support is helping to deliver around 4,500 new homes at any one time.
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, said: “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.”
