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 of Mortgage Solutions and editor of Specialist Lending Solutions.
He also has experience in the protection, pensions, workplace benefits and HR areas.
Owain has won two Headline Money Awards and the Protection Review's Journalist of the Year award.