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Bridging

Results AM joins the ASTL as associate member

Shekina Tuahene
Written By:
Posted:
April 23, 2024
Updated:
April 23, 2024

Loan monitoring service Results Asset Management (Results AM) has joined the Association of Short Term Lenders (ASTL) as an associate member.

The company has been involved in the short-term property lending sector for nearly 20 years, and in the last decade, it has been appointed by different bridging lenders in the UK to review and monitor residential assets. 

Results AM provides reviews before lending, before or after valuation if a secondary check is required, and assesses the viability of houses in multiple occupation (HMO). It also oversees buy-to-let (BTL) inspections, as well as portfolio and desktop reviews. 

The company worked with small and large lenders across England and Wales. 

Its new membership of the ASTL brings the association to 44 associate members and 44 lender members. 

John Foster, senior asset manager at Results AM, said: “At Results AM, we provide a cost-effective monitoring service for bridging loans that involve works, offering an initial review of the project and proposed works and then a programme of monitoring visits for the build. This gives lenders a set of eyes and ears on the project to effectively manage it through to practical completion.

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“In providing lenders with a robust approach to managing their lending, we reflect the values of the ASTL in helping to support strong and sustainable growth in the bridging sector, and we are delighted to join the association as an associate member.” 

Vic Jannels (pictured), CEO of the ASTL, added: “I’m really pleased to welcome Results AM as the latest organisation to become an associate member of the ASTL. The sustainable growth of the bridging mortgage market is only possible with the support of professional firms that enable lenders to carry out lending with certainty and confidence.

“This is just one of the reasons why associate members are so important to the ASTL and the continuing success of the sector.

“Our growing membership reflects the increasing significance of our industry and our collective commitment to delivering good customer outcomes,” he added.