View more on these topics

ASTL appoints new chief executive

Benson Hersch, the former managing director of Cheval, has been appointed as the new chief executive officer of the Association of Short Term Lenders.

He will be attending the quarterly general meeting of members next Monday. Following that, he intends to visit as many of the members as possible in order to find out what they want from the ASTL and hear what direction they feel the ASTL ought to take.

Hersch has been in the bridging industry for 14 years and was the managing director of bridging lender, Cheval, until it was sold in 2006.  Benson is a qualified chartered accountant with an economics and business degree and is currently a debtor administration and recovery consultant.   

Benson says, “I am excited about this new role with the ASTL. The ASTL is a professional organisation that plays a very important role in the mortgage market, especially as long term finance is so hard to get at the moment.  Bridging finance is not just for the householder with a short term problem; but is often also a good business solution, especially for property developers.

“The ASTL needs a positive, high profile image – the bridging industry is often misunderstood and it is my role; and the role of the astl, to help correct this image.”


House sale volumes fall almost 40% from 2007 peak

House sales are almost 40% lower than five years ago at the peak of the boom, says the latest housing market survey from the Royal Institution of Chartered Surveyors. During May, the average number of completed sales per surveyor was 15.6. This represents almost a 40% drop from May 2007’s figure of 25.4 and goes […]

OneSavings acquires Interbay

InterBay Commercial has exchanged contracts with OneSavings Bank, which has conditionally agreed to acquire all the issued share capital of the specialist lender. In May, the bank, which is part-owned by JC Flowers, revealed that it was in talks to buy the lender. As part of the deal, the lender will continue to trade as […]

Retirement - thumbnail

Has Britain really stopped saving?

By Steve Webb, Director of Policy and External Communications Our latest policy paper reveals what the fall in the savings ratio does (and doesn’t) mean In June 2017, the Office for National Statistics published its estimates for the ‘savings ratio’ for the first quarter of 2017. This is essentially a measure of the percentage of […]


News and expert analysis straight to your inbox

Sign up