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by Ivor Ivor No Comments

Bridging loan books hit another new high

Bridging loan books hit another record high in Q4 2023, 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 an increase in completions in the fourth quarter of 2023, rising by 18.4% on the third quarter of the year to reach £1.69 billion.

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by Ivor Ivor No Comments

Magnet Capital joins the ASTL

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

Magnet Capital is a specialist development finance lender, with an experienced and client-focused team that is dedicated to supporting brokers and property developers in achieving the finance they need to make their schemes succeed.

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by Ivor Ivor No Comments

Bridging loan books continue to grow

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.

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by Ivor Ivor No Comments

MJ Group joins the ASTL

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.

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by Ivor Ivor No Comments

Colenko joins the ASTL

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.

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by Ivor Ivor No Comments

Humphrey & Gray joins the ASTL

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.

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by Ivor Ivor No Comments

Bridging applications continued to rise in Q4 2022

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.

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by Ivor Ivor No Comments

CPSP ready for launch

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.

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