The privately funded lender provides short-term property finance to investors, developers and individuals across the UK.
Phoenix Money offers bridging loans from £50,000 to £5m, supporting property purchases, refinancing and auction finance.
Manish Gambhir, managing director of Phoenix Money, said: “Joining the BDLA gives us the opportunity to share our experience with other lenders and contribute to the issues affecting our market. Working through a trade association helps ensure those discussions inform how the sector is represented.”
Adam Tyler, (pictured), CEO of the BDLA, commented: “We welcome Phoenix Money as the latest lender member of the BDLA. Its experience as a privately funded lender will bring a useful perspective to discussions about the practical challenges facing lenders, brokers and their customers.
“Our members help shape the association’s work, from sharing best practice to informing our engagement with regulators and policymakers.”
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Gambhir added: “We look forward to exchanging ideas with fellow members about how we can maintain high standards while responding to different funding needs.”
