Rockstead has become the latest firm to join the Bridging & Development Lenders Association (BDLA) as an associate member.

The firm, established in 2008, provides support to businesses involved in financial services, as well as other regulated and non-regulated sectors.

Rockstead operates across sectors including residential and commercial mortgages, later life lending, bridging and development finance, asset finance, consumer finance and credit cards.

Its clients range from investment and retail banks, building societies, hedge funds, private equity firms, non-bank lenders, funders, investors, asset managers and pensions funds.

The BDLA, formerly known as the Association of Short Term Lenders, works to support lender interests and those of their customers.

It currently has 43 associate members and 46 lender members, with loan books currently in excess of £8.1bn.

Chief executive officer at the BDLA, Vic Jannels, said: "I’m delighted to welcome Rockstead as the latest associate member to join the BDLA.

"Rockstead’s mission to raise standard governance, risk and compliance aligns with our own values at the BDLA, alongside our commitment to growing understanding and engagement with our sector amongst brokers and borrowers. Every new member, associate or lender, that joins the BDLA gives us greater momentum in achieving these goals."

Group CEO and co-founder at Rockstead, Brian Pitt, added: "The bridging and development lending sectors are growing markets, attracting new borrowers, brokers, lenders and funding partners. Sustainable growth requires a robust approach to governance, which is something the BDLA has been so successful at promoting and developing.

"At Rockstead, we can help firms achieve the high standards of governance, risk and compliance they need to succeed in this growing market."

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