BofE 2017 Conference Presentation
BofE 2017 Conference Presentation*
*Please note that for BofE Presentation the Chatham House Rule applies i.e. the material should not be attributed to the speaker, or to the Bank of England except where it is published material.
Gateley Plc joins the ASTL
Gateley Plc, the legal business of law-led professional services group Gateley, is the latest to join the Association of Short Term Lenders (ASTL) as an associate member. The membership now stands at 38 members and 31 associate members.
This news comes just weeks after the ASTL announced the appointment of its new executive committee and revealed that the annual value of bridging loans written by its members exceeded £3bn.
Gateley Plc offers a wide range of services from banking and financial services, dispute resolution, regulatory and restructuring, to corporate, commercial, real estate, pensions, tax and private wealth, among others. Following recent acquisitions, the company has seen continued growth and earlier this year reported a 15.7% increase in revenue and 18.8% rise in pre-tax profits.
Rob Payne, partner in the financial disputes and regulation team at Gately Plc, says, “Short term lending has a vital role to play in the dynamic credit markets, and with many existing clients and contacts in both the membership and associate membership, we are delighted to have joined the ASTL.
“We are able offer a full suite of specialist partner led support covering documentation, regulatory compliance, loan originations, restructuring and recoveries. As a forward thinking Plc business we are constantly evolving and we look forward to playing a full part in promoting the interests of the ASTL members and the wider finance industry going forward.”
Benson Hersch, CEO of the ASTL, says, “I heard only good things about Gateley Plc from our members. I understand that the firm has experienced another year of expansion as a result of its client relationships, its service offering and its team of professionals. Its specialist expertise in the industry should certainly add value to the ASTL’s growing and diversifying membership. Gateley Plc joins a host of associate members which includes surveyors and insolvency experts who can all help the association’s lender members with specialist areas of the short-term lending market.”
Press release Thursday, September 7, 2017
ASTL appoints Lansons to strengthen its communications
The Association of Short Term Lenders (ASTL), the trade body that represents lenders who offer bridging, short term mortgages or loans, has appointed Lansons to support its communications programme and annual conference on a retainer basis.
The ASTL’s role is to protect and promote the interests of its members and give confidence to all those who transact business with them. Joining the ASTL requires that all members sign up to a code of conduct which includes treating customers fairly, not charging commission or other payment which is perceived as being excessive, and requires that all fees are openly disclosed.
Lansons will be providing strategic communications advice, press office management, media relations support, and will assist in the organisation of the annual conference; which is taking place on the 14th September 2017 at Painter’s Hall, London. This year’s conference, entitled ‘Brexit and Bridging’, will look at the current environment for short term lending and bridging, putting them in the wider political context, and discussing what attendees can do to ensure their businesses are prepared for the range of challenges and opportunities that they face.
Benson Hersch, Chief Executive of the ASTL said: “We are looking forward to building a close partnership with Lansons as they work with us to promote the ASTL, the interests of our members and to highlight the work they are doing to support both individuals and house builders.
“We have a built a strong profile over the past five years amongst key mortgage and broker audiences and are looking to continue to broaden our programme going forward."
Katie Priddis, Partner and Director at Lansons added: “We are thrilled to be working with the ASTL; post Brexit the sector is facing fresh challenges and we are really looking forward to working with the team and its members to support the objectives of the trade body going forward.”
To find out more about the ASTL please visit: www.theastl.org
Press release - September 11, 2017
Comment on David Davis report to parliament 05.09.17
Benson Hersch, Chief Executive, ASTL comments on the potential impact of Brexit negotiations on the bridging and property finance industry:
“Instead of squabbling, political parties should get together to present a common front to the EU. Both the government and the opposition seem to be so locked into a mutually antagonistic mind-set that seems to put political points above the needs of the country. Markets hate uncertainty and confusion about current negotiations is not helping the mortgage industry.
“The effects of Brexit on bridging and the property finance market as a whole will be discussed at the ASTL conference on Thursday, September 14, with a group of speakers from all sectors, including political journalism, the FCA, Bank of England and the legal profession.”
About the Association of Short Term Lenders (ASTL)
The ASTL is a trade body formed in 2008 to represent lenders who offer bridging or short term mortgages or loans. It currently has 38 full members and 31 associate members.
The ASTL’s function is to protect and promote the interests of its members and give confidence to all those who transact business with its members. Membership requires that all members sign up to a code of conduct which includes treating customers fairly, no charging commission or other payment which is perceived as being excessive and requires that all fees are openly disclosed.
For further information, please contact:
Calum MacDougall/ Katie Priddis, Lansons
0207 566 9707 / 0207 294 3631
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