News - Page 5 of 11

03/05/2022by Ivor Ivor No Comments

Family Finance joins the Association of Short-Term Lenders

Family Finance has become the latest lender to join the Association of Short-Term Lenders (ASTL).

Family Finance was founded in 1953 by a consortium of local businesspeople in South Wales, providing finance for families in the area. Now in its seventh decade of trading, the company continues this tradition whilst also covering a wider demographic and geographical area, and whilst now also providing finance for commercial customers. Family Finance now caters for more than 12,000 customers throughout South Wales, the West Country, the Midlands, and the north of England. All lending is advanced with Family Finance as the principal lender.

20/04/2022by Ivor Ivor No Comments

Shining a light on our customers

By: Vic Jannels, CEO at the Association of Short Term Lenders (ASTL)

As a market that is predominantly dominated by intermediary distribution, short-term property finance faces a challenge, in that providers of products and services effectively have two customers – the intermediaries and the end customers. It is important they have an in-depth understanding of both, but sometimes it can be easier to develop a more thorough understanding of the more immediate customer, the intermediary.

07/03/2022by Ivor Ivor No Comments

Glenhawk joins the Association of Short Term Lenders

Glenhawk has become the latest lender to join the Association of Short Term Lenders (ASTL).

Glenhawk provides swift, competitive short-term property finance to help clients realise opportunities and progress developments. The lender has built its proposition on an accessible senior-leadership team, who are deeply experienced in the real estate and financial worlds and dedicated underwriters able to guide and support every loan from the initial enquiry through to the loan completion.

02/03/2022by Ivor Ivor No Comments

Bridging market hits record growth in Q4 2021

The latest ASTL data shows a record period for bridging lending in the last quarter of 2021, with completions and applications both reaching an all-time high.

The figures, compiled by auditors from data provided by members of the Association of Short-Term Lenders, show bridging applications reached a record high of £12.7bn in the quarter ending December 2021 – an increase of 65.4% on the previous quarter, which itself was a record period at the time.

26/01/2022by Ivor Ivor No Comments

Bridging has the potential to become bigger business for every broker

In 2021 we saw the value of bridging loan books top £5bn for the first time and a growing number of brokers are recognising how they can use bridging finance for their clients. Competition amongst lenders is driving rates down and this e pricing is making bridging more accessible to a wider group of customers.

26/01/2022by Ivor Ivor No Comments

Bridging Trends for 2022

Just when we thought the future was looking more certain, the Omicron variant has served as a timely reminder that making predictions is fraught with pitfalls. However, there are some trends that show a clear path of travel, whatever the external environment throws at them. Here are five trends that we think it’s safe to expect in the short-term lending market in 2022.

09/12/2021by Ivor Ivor No Comments

Debenhams Ottaway joins the ASTL

Debenhams Ottaway has become the latest professional organisation to join the Association of Short Term Lenders (ASTL) as an associate member.

Debenhams Ottaway is a multi-service law firm that works with businesses, individuals and families in Hertfordshire, London and across the UK, helping them make the most of new possibilities or deal with unexpected challenges at home or in business. It offers services that include banking finance and loan agreements, litigation and dispute resolution, and corporate insolvency and restructuring.

23/11/2021by Digital Media Manager Digital Media Manager No Comments

Buzz Capital joins The Association of Short Term Lenders

Buzz Capital has become the latest lender to join the Association of Short Term Lenders (ASTL).

Brighton-based, Buzz Capital provides simple, straightforward bridging finance up to 75% LTV for a range of purposes, including purchase, refinance and refurbishment of residential or semi-commercial property; commercial to residential conversions and development exits, as well as bespoke financial solutions for individuals with complex circumstances.
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19/11/2021by Digital Media Manager Digital Media Manager No Comments

Bridging market continues strong performance in Q3 2021

The latest ASTL data shows the bridging market continuing to deliver strong, sustainable growth in Q3 2021, with applications and loan books both higher than in Q2, while the value of loans in default has fallen for the third consecutive quarter.

The figures, compiled by auditors from data provided by members of the Association of Short-Term Lenders, show bridging applications reached a record high of £7.72bn in the quarter ending September 2021, an increase of 4.9% on the previous quarter.
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03/09/2021by Digital Media Manager Digital Media Manager No Comments

Reputation key to making the most of our current opportunity

It finally seems that we are emerging from the pandemic, and we’re doing so with the bridging market in good shape. The latest lending data from the ASTL shows an almost universally positive set of results for bridging lending in Q2 2021, with completions increasing, applications remaining strong and defaults falling.
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