Acre Lane Capital has become the latest lender to join the Association of Short Term Lenders (ASTL).

The firm offers development finance and bridging finance for a range of purposes, including light and heavy refurbishment, property investment, auction purchases, development exit loans and bridging out of receivership.

Acre Lane Capital CEO, Ian Wilson, said the lender’s guiding principles to act ethically and deliver on promises made it a “natural fit” to become a member of the ASTL.

“We believe in partnerships and transparency, and so when we issue the Decision In Principle, we will make best efforts to honour those terms and do as we say, unless the risk changes.” Wilson said.

“We don’t deliberately promise unachievable deadlines that can’t be met. And, where a borrower has been communicating, and the risk is rational, we are able to offer extensions. We are looking forward to working with the ASTL and other members to grow the availability and reputation of bridging and development finance to a wider range of customers.”

ASTL CEO, Vic Jannels, added: “I’d like to welcome Acre Lane Capital as the latest lender to join the ASTL. As with all of our members, Acre Lane Capital has demonstrated a commitment to customer focus, high standards and transparency.

“I would encourage all brokers seeking a short-term lending solution for their clients, to look for ASTL membership as a badge of quality.”

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