Development FinanceNews

UTB wins Development Lender of the Year at NACFB Awards

United Trust Bank (UTB) has been named ‘Development Lender of the Year’ at the National Association of Commercial Finance Brokers (NACFB) Awards 2020.


The virtual awards ceremony was held on the 26 November and 31 awards were given to the association’s lender and broker members.

All categories are awarded based on votes from NACFB members and the feedback of an expert judging panel.

When the COVID-19 pandemic struck, UTB implemented cloud-based solutions enabling staff to work effectively from home, continue to consider proposals, make credit decisions and provide support to customers mid-project.

In the summer, the bank launched a range of CBILS products designed specifically for housebuilders and developers and it continued to expand the development finance team with six new hires.

Adam Bovingdon, senior director – property development at United Trust Bank, said: “This has been an extraordinary year in which lenders and brokers have had the opportunity to demonstrate their resilience, reliability and commitment to serving their customers despite the disruption and uncertainty caused by the COVID-19 pandemic.

“I am delighted that the team’s hard work and achievement has been recognised with this highly coveted award.”

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