View more on these topics

Affirmative re-joins ASTL after five-year hiatus


Affirmative Group has re-joined the Association of Short Term Lenders after leaving the trade body five years ago.

Affirmative was a founder member of the ASTL, alongside 18 other firms.

ASTL chief executive Benson Hersch says: “We continue to welcome lenders that are open to helping to progress and promote the positive reputation of bridging finance and it is great to see a founder member returning to the association.”

Affirmative managing director Eugene Esterkin says: “As a founder member and original director of the ASTL, both Affirmative and I am happy to see the progress that the ASTL has continued to make under Benson’s leadership.

“It is clear to see how far the association has come; even the way that it operates has changed. We hope that we can contribute to the good work.”


Benson Hersch ASTL

Aspen Bridging joins ASTL

Specialist lender Aspen Bridging has become the latest firm to join the Association of Short Term Lenders. Aspen is a wholly owned subsidiary of S&U plc providing unregulated bridging finance for individuals and businesses at up to 80 per cent LTV and 100 per cent purchase price. ASTL chief executive Benson Hersch says: “The demand […]

Benson Hersch ASTL

Specialist lender Pivot joins ASTL

Specialist lender Pivot has become one of the latest lenders to join the Association of Short Term Lenders. Pivot provides both bridging and development facilities secured against residential and commercial properties on a first and second charge basis. ASTL chief executive Benson Hersch (pictured) says: “Pivot is a welcome addition to our membership, bringing with […]

Benson Hersch ASTL

ASTL bans members from back-dating interest

The Association of Short Term Lenders has banned its lenders from backdating higher interest rates to the beginning of the loan if borrowers default. The ASTL has rephrased its code of conduct to ban the practice to stop its members from treating customers unfairly. Bridging lenders can still charge higher rates to borrowers in default, […]

Choose life…

Sarah Scott  – Marketing Consultant, Royal London  This month sees the return of Renton, Sickboy, Begbie and Spud in the sequel to the film Trainspotting. Just over 20 years later, we return to see exactly how life treated the characters whose lifestyle was less than ideal back in 1996. Did they choose a job, choose […]

Retire, retirement, calculator

Defined benefit schemes: Part 2

Justin Corliss, business development manager In defined benefit (DB) schemes part 1, we looked at recent guidance aimed at DB scheme trustees and sponsors. In part 2 we will look at guidance available to pension transfer specialists (PTS). In the first instance, PTS should familiarise themselves with COBS 19. All guidance below is designed to […]


News and expert analysis straight to your inbox

Sign up