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 to become a member of the association is continuing to increase. Membership of the ASTL and adherence to its rules should give borrowers and brokers confidence that they are dealing with a responsible and ethical bridging lender who is operating to high standards.
“Aspen Bridging is a reputable lender that aims to add real value to its clients through its supportive and relationship-centric approach to lending. The ASTL welcomes Aspen to the fold.”
In recent weeks, ASTL figures revealed that the value of bridging loans completed in 2016 reached £2.83bn, up 9.4 per cent on the total achieved in 2015.