Unregulated bridging lender Aspen Bridging has joined the Association of Short Term Lenders.
The lender offers up to 80% loan-to-value and is a subsidiary of finance firm S&U plc.
Benson Hersch, chief executive of the ASTL, said: “The demand to become a member of the association is continuing to increase.
“Membership of the ASTL and adherence to its rules should give borrowers and brokers confidence that they are dealing with a responsible and ethical bridging lender who is operating to high standards.
“Aspen Bridging is a reputable lender that aims to add real value to its clients through its supportive and relationship-centric approach to lending. The ASTL welcomes Aspen to the fold.”
The news comes just weeks after figures from the ASTL revealed that demand for bridging finance soared during the final quarter of 2016 and reached £2.83bn for the year.
Ed Ahrens, managing director of Aspen Bridging, said: “We believe in building strong partnerships and want to contribute to the conversations and debates that are happening within the industry.
“We also want to be associated with well-respected and professional partners and associations, and the ASTL stood out for us.
“We believe that our approach to long term partnerships is perfectly suited to those looking for bridging finance today. We now plan to expand throughout 2017 and we have ambitions to become a significant player in the bridging market.”