The Association of Short-Term Lenders (ASTL) has announced Hampshire Trust Bank as the latest firm to join as a member lender.

Hampshire Trust Bank is a specialist bank that provides asset finance, specialist mortgages and development finance solutions.

The lender offers a range of specialist buy-to-let and semi commercial mortgages, residential and commercial bridging loans, as well as a full development finance proposition – all available through intermediaries.

CEO of the ASTL, Vic Jannels, said: “I’m very pleased to welcome Hampshire Trust Bank as the latest lender to join the ASTL. As an association, we have a growing membership that represents the vast majority of recognisable brands in the short-term property lending market.

“Hampshire Trust Bank is the latest influential lender to join our ranks and will help to give us a stronger voice in promoting the sector, engaging with policymakers and upholding standards.”

Members of the ASTL are typically bridging or secured loan companies who provide short-term loans and mortgages, normally ranging between six months to a year.

Lenders 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 also not charge non-refundable fees which could be perceived as being excessive.

“We’re delighted that Hampshire Trust Bank is now a member of the ASTL,” head of bridging at Hampshire Trust Bank, Jamie Jolly, added.

“The short-term lending market is growing at pace, evolving to meet a wide range of customer needs, and the ASTL is instrumental in ensuring this growth is sustainable and high standards are upheld. We look forward to working with the association and its other members in continuing to build the market in size and reputation.”

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