StreamBank has become the latest firm to join the Association of Short-Term Lenders (ASTL).

StreamBank is a specialist bank that offers tailored property investment products, including bridging finance, regulated and un-regulated and development finance to support the requirements of property investors.

The ASTL is the only trade association dedicated to representing the interests of short-term lenders and their customers, has more than 40 lender members.

Firms that join the ASTL tend to work in the bridging and secured loan sectors and members of the association must abide by a code of conduct which requires them to disclose costs and fees up front with no small print or misrepresentation of product offerings, as well as not charge non-refundable fees which could be perceived as being excessive.

Chief executive officer at the ASTL, Vic Jannels, said: "I’m delighted to welcome StreamBank as the latest lender to join the ASTL. Our growing membership demonstrates the increasing importance and reputation of the short-term property lending sector as a vital and integral part of the wider mortgage market. At the ASTL, we continue to strive to raise the profile of our sector amongst customers, brokers and regulators – and every new member helps to amplify our voice still further."

Chief commercial officer at StreamBank, Richard Armstrong, added: "StreamBank was founded to serve specialist property and savings customers with the best financial solutions, through the combination of experience, judgement and desire to find a solution. As a specialist in bridging and development finance, joining the ASTL was a natural progression for us. The association reflects our own commitment to transparency, service and good customer outcomes and we look forward to working alongside other members in promoting the sector and these values."

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