Bridging loan books continue to grow
The Association of Short Term Lenders (ASTL) Bridging Mortgage loan books continued to grow in Q2 2023, increasing by more than 5% to an all-time high of just over £7.1bn. This is following the latest data collection information provided by its member lenders.
MJ Group has become the latest professional organisation to join the Association of Short Term Lenders (ASTL) as an associate member.
The MJ Group provides independent valuations and property advisory services for international and national banks, challenger banks, bridging lenders, lending institutions, property funds, financial organisations, corporations and developers. Created in 2006, the group has grown to become an advisor to more than 50 national and international lenders.
Colenko has become the latest lender member to join the Association of Short-Term Lenders (ASTL).
Colenko provides bespoke bridging loans and development finance for property investors and developers, with a senior team that has delivered more than £1bn in secured finance over the past 20 years.
Property maintenance specialists, Humphrey & Gray, has become the latest professional organisation to join the Association of Short Term Lenders (ASTL) as an associate member.
Humphrey & Gray has more than 30 years’ experience in supporting lenders, asset managers and IP’s maintaining and safeguarding commercial and residential properties across the UK.
Bridging applications and loan books continued to grow in Q4 2022, according to the latest data from the Association of Short Term Lenders (ASTL).
The figures, compiled by auditors from data provided by members of the ASTL, show that bridging applications continued to rise, with £8.6bn worth of applications recorded during the quarter. This represents an increase of 9.1% compared to the quarter ending September 2022.
Bridging loan books also grew again in the final quarter of the year, rising by 6.4% on Q3 and reaching a new high of just over £6.5bn.
The ASTL and FIBA have confirmed that the Certified Practitioner in Specialist Property Finance (CPSP) is now ready for launch and has already received a significant number of registrations from finance professionals eager to undertake the education programme.
The trade associations have worked together and with the London Institute of Banking & Finance (LIBF) over the last 18 months in preparing CPSPF, which will provide a definitive and targeted education programme for the Short Term and Specialist Lending sector.
Property consultancy Allsop has become the latest professional organisation to join the Association of Short Term Lenders (ASTL) as an associate member.
Allsop is an independent property consultancy, which provides an extensive range of services for residential, commercial and mixed-use property, and is probably best known as the UK’s largest and most successful property auction house.
Bridging completions, applications and loan books all continued to grow in Q3 2022, according to the latest data from the Association of Short Term Lenders (ASTL).
The figures, compiled by auditors from data provided by members of the ASTL, show that bridging completions were just over £1.4bn in the quarter ending September 2022, representing an increase of 15.9% on the June 2022 quarter. This means that completions have now been more than £1bn for six consecutive quarters.
Hampshire Trust Bank has become the latest member to join the Association of Short-Term Lenders (ASTL).
Hampshire Trust Bank is a specialist bank staffed by experts focussed on providing asset finance, specialist mortgages and development finance solutions. It offers a range of specialist buy to let and semi commercial mortgages, residential and commercial bridging loans, as well as a full development finance proposition, all available through intermediaries.
OSB Group has become the latest member to join the Association of Short-Term Lenders (ASTL).
OSB Group is a leading specialist lender, primarily focused on carefully selected sub-segments of the mortgage market, with lending brands that include Precise Mortgages, InterBay Commercial and Heritable Development Finance, as well as Kent Reliance for Intermediaries.
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