Nearly 50 pass specialist property finance qualification since launch

First reported in Bridging and Commercial, the scheme has received around 330 registrations to date.

The CPSP is backed by the Association of Short Term Lenders (ASTL), the Financial Intermediary and Broker Association (FIBA) and the London Institute of Banking and Finance (LIBF), going live in May and opening for registrations in March.

The education programme, which covers bridging, short-term finance, development finance and specialist buy to let, is estimated to take around 45 hours to complete, with the expectation that this would take around six months.

This makes the fact that 50 people completed it in around three months even more impressive.

Vic Jannels (pictured), CEO of the ASTL, said: “We knew there was strong demand in the industry for an education programme that would give specialist property finance professionals the opportunity to build on their expertise and demonstrate their commitment to the sector. However, we didn’t expect that so many people would complete the course so quickly.

“Registration and completion numbers are growing every day as more people recognise the benefits of undertaking a formal education programme in the sector. This is very encouraging and supports the growing importance and reputation of the short-term mortgage sector.”