Allegiance Insure, an independently-owned broking company and restructuring specialists Moorfields Advisory have both joined as associate members.
Benson Hersch (pictured), chief executive officer of the ASTL, said: “Applications and completions for bridging finance and short-term lending continue to rise. It is therefore crucial that we continue to prepare ourselves for further growth and diversification to ensure we remain the first voice of the short-term lending market.
“Allegiance Insure and Moorfields Advisory are joining a number of surveyors, insolvency experts and law firms who continue to support lender members with their expertise and understanding of the short term lending industry. Both companies have something distinctive to add to the ASTL and their credibility within the marketplace coupled with their experience and specialist knowledge secured their membership.”
Charles Wintour, founder and director of Allegiance Insure, said: “We are proud to be recognised by an association of the ASTL’s standing and look forward to working with its lender members. Allegiance has a good knowledge of the short-term lending market and the role insurance cover can play in giving lenders the protection they require, as business volumes in this important sector grow.”
Simon Thomas, partner at Moorfields Advisory, said being an associate member provides the firm “with an even greater familiarity with the issues in the short-term and bridging markets.”