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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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by Ivor Ivor No Comments

Allsop joins the ASTL

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.

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by Ivor Ivor No Comments

Bridging market continues strong growth in Q3 2022

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.

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by Ivor Ivor No Comments

Hampshire Trust Bank joins the ASTL

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.

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by Ivor Ivor No Comments

OSB Group joins the ASTL

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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by Ivor Ivor No Comments

Bridging market falls back from record highs

Bridging applications and completions in Q1 2022 have fallen back from their record highs in Q4 2021, but remain strong compared to the long-term average, 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 £1.04bn in the quarter ending March 2022, a fall of 15.8% on the previous quarter, when they reached £1.24bn. However, they remain higher than the same quarter last year when completions were just over £900m and completions have now been more than £1bn for four consecutive quarters for the first time since records began.
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