The Association of Short Term Lenders (ASTL) has suspended Amicus Property Finance’s membership.
In a statement issued today, the trade body said it was making the move following the halt to Amicus Property Finance’s lending.
ASTL CEO Benson Hersch (pictured) said: “The membership of Amicus plc has been suspended by the ASTL whilst the company continues to consider its position, and future.”
Earlier this week Amicus Property Finance confirmed it was not conducting any further lending after its shareholders were unable to reach an agreement on an investment deal.
Amicus group head of marketing and communications Andrew Bullock told Specialist Lending Solutions the lender was taking advice on its next steps but that nothing had been confirmed yet.
Owain Thomas is Features and Contributing Editor at Mortgage Solutions. He has previously covered the protection and mortgage industry, more recently he edited Workplace Savings and Benefits, and HRD Connect.
Owain won the Financial Healthcare Journalist of the Year (B2B) at the Headline Money Awards in 2014 and 2016. He also won the Protection Review's Journalist of the Year award in 2012.