Steve Barber, Managing Director of Merseyside-based Bridging Finance Solutions has been re-elected to the Executive Board of the ASTL (Association of Short Term Lenders), whose members represent some £4.7bn of UK loans. The election will see Mr. Barber serve for a further 2-year term on the Board.
The ASTL is the UK trade body for Bridging and Short Term Mortgage Providers with over 75 members and associate members, representing the sector with the UK Regulator, the Financial Conduct Authority; the Government, through HM Treasury, and other sector trade bodies. The Executive Board represents the interests of its members who sign up to a code of conduct and rules which set the standard for transparency and customer service.
Barber commented, “It is a privilege to be re-elected by my sector peers to represent their interests in what is a fast-moving and dynamic market as we move into the post-covid era. The increasing appetite for bridging and development finance can only be a good thing for the sector, and for many, the pace of delivery and flexibility on offer is a better fit than traditional lenders. I look forward to working with other members of the newly elected Board for the benefit of the UK property sector and economy.”
Bridging Finance Solutions has been operating from its Wirral-based offices for 16 years and has provided short-term development and bridging funding for clients in excess of £110m.