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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