The ASTL is a trade body formed in 2008 to represent bridging and short term lenders. It now has 32 full members and 23 associate members.
The Directly Authorised (DA) training, compliance and support group Simplybiz is one of the largest compliance and support providers in the market.
David Golder, manging director of The Consumer Credit Centre, part of the SimplyBiz Group, said: “Since our inception in 2002, we have continued to grow exponentially year on year and we now support more than of the directly authorised marketplace and over 5,000 financial advisers across some 2,500 firms. In addition we also support over 850 firms new to regulation under both Consumer Credit and the Mortgage Credit Directive.
He continued: “Becoming an associate member was the next natural step and we look forward to exchanging knowledge and sharing ideas and best practice in order to continue influencing the short term lending market for the benefit of our growing membership”
Benson Hersch, chief executive of the ASTL (pictured) said: “Growing the reputation of the bridging market is of paramount importance and this latest addition not only contributes to the association’s diversity and knowledge but allows us to take yet another step forward to providing a truly balanced voice of the short term lending market.”