The Association of Short-Term Lenders (ASTL) has announced that Colenko has become its latest lender member.
Colenko provides bridging loans and development finance for property investors and developers, with a senior team that has delivered more than £1bn in secured finance over the last 20 years.
Firms that join the ASTL typically work in the bridging and secured loan sectors and provide short-term loans and mortgages, often ranging between six months to a year.
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, and not charge non-refundable fees which could be perceived as being excessive.
CEO of the ASTL, Vic Jannels, commented: “I’m very pleased to welcome Colenko as the latest lender to join the ASTL. With the launch of the Certified Practitioner in Specialist Property Finance (CPSP), this is a pivotal year for the bridging sector and, as an association, we have continued to grow our membership.
“This helps to give us a stronger voice in promoting the sector, engaging with policy makers and delivering new initiatives to uphold standards.”
Colenko CEO, Rob Roscoe, added: “We have a strong set of values, centred around giving our customers the best experience, and this aligns closely with the principles that underpin the ASTL. We’re delighted to become members and look forward to helping support its work in advancing the reputation of the sector.”
Latest News
-
House price growth slows to 3% – ONS
-
Inflation remains unchanged at 3.8% in September
-
£8.8bn worth of BTL loans advanced in Q2
-
Quilter reports third successive quarter of £2bn+ inflows
-
IHT receipts total £4.39bn in six months to September
-
Younger advisers more likely to work with new clients, study finds
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories