Property Development Finance Lender of the Year 2023

United Trust Bank (UTB) has won two highly prized awards at the NACFB Commercial Lender Awards 2023.

The specialist bank won the ‘Property Development Finance Lender of the Year’ award and the Underwriting team in UTB’s Asset Finance division were crowned ‘Underwriting Team of the Year’.

The NACFB Commercial Lender Awards recognise lending excellence within the intermediary-led commercial finance community. These highly prized accolades also enable NACFB Members to thank the Association’s Patrons and Partners for their ongoing commitment to supporting brokers and their SME clients.

Formerly known as the NACFB Patron Awards, the winning and highly commended firms were determined from across 19 categories through a combination of independent judges’ selections and Member votes from a shortlist of 73 firms.

Commenting, NACFB Chair, Paul Goodman said: “To be shortlisted alone is a great achievement and testament to the esteem in which our Patron lenders and Partner service providers are held, not just by NACFB Members but also by the panel of independent, expert judges who helped determine the recipients of this year’s accolades.”

Adam Bovingdon, Head of Property Development – United Trust Bank, commented: “2023 has been a challenging year for developers and their brokers and we have worked extremely hard to support them throughout a period of considerable economic challenge. I am delighted that the dedication and commitment of UTB’s Property Development team has been recognised with this prestigious award.”

Nathan Mollett, Head of Asset Finance at UTB, said: “We have continued to support our broker partners as they have sought competitive funding and refinance for their SME customers in difficult market conditions. This award recognises the exceptionally hard work shown by the AF Underwriting team to deliver record volumes of new business whilst upholding high levels of broker service during a period of significant system change and economic volatility.”