The Bridging Group has become the latest lender to join the Association of Short-Term Lenders (ASTL).
The lender offers bridging loans between £50,000 and £10m on terms up to 24 months for property refurbishment, auction and refinance.
Members of the ASTL abide by a code of conduct and are typically bridging or secured loan companies who provide short-term loans and mortgages, usually of between six months and a year.
This code of conduct requires ASTL members 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.
Managing director at The Bridging Group, Jagtar Singh Sethi, commented: “We have a great, friendly and knowledgeable team and we put great emphasis on treating our clients and partners fairly and with the service and speed you would expect from a highly experienced lender. We are passionate about good service and our values naturally align with those of the ASTL, with a focus on transparency and good customer outcomes.”
CEO of the ASTL, Vic Jannels, added: “As with all of our members, The Bridging Group commits to our Code of Conduct and Member Rules, which set the standard for customer service and transparency in short term lending.
“As the bridging market continues to grow and work with more customers it is imperative that we uphold our high standards and continue to build our reputation. Membership of the ASTL provides brokers with reassurance that they are choosing a lender they can trust to do the best by their clients, which is why it is seen as a kitemark of quality.”
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