We go further,
so you can too

 

At United Trust Bank, we believe that people achieve more together than alone. That’s why we’re dedicated to building great relationships, offering tailored solutions, and providing our clients and broker partners with the support they need to go further. This was true when we first opened our doors, and it’s still our approach today.

Our history

United Trust Bank was incorporated in England in 1955, when we established ourselves as a specialist lender primarily providing development finance to SME house-builders as they tackled the post-war housing shortage.

In 2001 the bank was acquired by Anglo-Dutch bank, Insinger de Beaufort. The acquisition was led by Graham Davin and Harley Kagan, United Trust Bank’s current Deputy Chairman and CEO, respectively.

In 2004 Graham, Harley, and Roger Tidyman led a management buy-out of the bank, taking it into private ownership and reinstating its original name, United Trust Bank. At the time, the bank’s loan book was £10m.

And so began United Trust Bank’s modern era as an independent specialist bank. The new owners set about updating, expanding, and diversifying the bank’s operations, transforming United Trust Bank into a thriving and highly regarded specialist bank which by December 2023 had a loan book in excess of £3.1bn.

The highlights of our story since 2004

  • 2001

    • On behalf of Bank Insinger de Beaufort, Graham Davin and Harley Kagan acquire UTB
  • 2004

    • Graham Davin, Harley Kagan and Roger Tidyman lead a management buy-out
    • Graham becomes Chief Executive Officer, Harley becomes Finance Director and Roger becomes Managing Director
    • Original United Trust Bank name is restored
  • 2006

    • Further development of the brand, infrastructure, savings account and development finance offerings
  • 2008

    • With careful navigation UTB continues to lend through the global Credit Crisis
  • 2010 & 2011

    • Expansion of the Development Finance team

    Launch of Bridging Finance

    Launch of Asset Finance

  • 2012

    • Expansion of the Asset Finance team and offering
  • 2013 & 2014

    • Further investment in IT infrastructure
    • Senior appointments made in Sales and Risk
    • Increase in brand marketing activity
    • Launch of online Deposits Portal
  • 2015

    • Elvis the Eagle Owl introduced as the Bank’s marketing and brand mascot
    • Requiring more space, UTB moves to new offices in CityPoint, Moorgate

    Launch of Second Charge Mortgages

  • 2016

    • Joined Bank of England ‘Funding for Lending Scheme’
    • UTB ranked 25th in the Sunday Times Profit Track 100 list of the fastest growing private companies
    • UTB named ‘Specialist Bank of the Year’ at the Bridging & Commercial Awards

    Launch of Structured Finance

  • 2017

    • Launch of ENABLE Guarantee with British Business Bank
    • Roger Tidyman retires as Executive Director
  • 2018

    • UTB named ‘Specialist Bank of the Year’ for the second time at the Bridging & Commercial Awards
    • UTB deposits products offered through Hargreaves Lansdown’s Active Savings platform
    • Loan book surpasses £1bn
  • 2019

    • Launch of internet banking for Deposit customers
    • Remortgage and First Time Buyer Mortgages launched
    • Launch of facial recognition technology for mortgage customer ID checks
    • UTB named ‘Specialist Bank of the Year’ for the third time at the B&C Awards

    Launch of First Charge Mortgages

  • 2020

    • UTB continues to lend and operate through the Covid-19 crisis despite over 90% of staff working from home
    • UTB becomes an accredited Coronavirus Business Interruption Loan Scheme (CBILS) provider
    • UTB originates a record £1.3bn of new loans in 2020
  • 2021

    • Graham Davin retires as CEO and becomes non-executive Deputy Chair
    • Harley Kagan succeeds Graham as CEO
    • Launch of £250m Housing Accelerator Fund in association with Homes England
    • Total assets exceed £2bn
  • 2022

    • Launch of a new Asset Finance core IT platform
    • Launch of Buy-To-Let Mortgages
    • Embedded Hybrid Working with new technology rollout
    • Deposit balances pass the £2bn milestone
  • 2023

    • Launch of Deposit Solutions, a tailored relationship based proposition for depositors with larger balances
    • Entered the Block Discounting specialist lending market
    • Loan book pass £3bn milestone
  • 2024

    • Launch of ‘United, we go further’ brand evolution, based on our belief that we can achieve more together.
  • Financial information

    UTB operates within the UK and its primary activity is the provision of a range of secured funding facilities for individuals and businesses and fixed and notice deposit accounts for individuals, businesses and charities

  • Awards

    We are delighted that United Trust Bank’s dedication to great service and innovative products has been recognised with some of the UK’s most prestigious industry awards.

  • Careers

    United Trust Bank offers a fast-paced and committed work environment, as well as the opportunity to work with a group of friendly, diverse, and passionate people. We’re deeply invested in our people, with a culture that prioritises collaboration and celebrates growth.

Environmental and social governance

We know that businesses can play a significant role in furthering society and protecting our planet. Read more about our ESG commitments.

Learn more
  • Corporate governance

    Our corporate governance ensures that we maintain an environment of trust, transparency and accountability, protecting the interest of all stakeholders.

  • Regulatory information

    United Trust Bank Limited is registered in England and Wales, registration number 549690, registered office at One Ropemaker Street, London, EC2Y 9AW, England.

  • Privacy notice

    We take our Data Protection responsibilities seriously and are committed to using the personal data we hold in accordance with the law.

  • Complaints

    If something has gone wrong, please get in touch with us and our team will investigate your complaint.

  • Fraud awareness

    Tips on how to spot fraud and report your concerns to us.

How can we help?

If you have a question or need some support, check our help page for useful information and ways to contact us.

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