Aspen Bridging has become the latest member to join the Association of Short Term Lenders (ASTL).

Aspen Bridging is a wholly owned subsidiary of S&U Plc and is a specialist and independent principal lender that provides unregulated bridging finance for individuals and business owners.

It is able to offer up to 80% LTV and up to 100% of purchase price. It claims to combine the traditional aspects of bridging in terms of developing products and solutions, with more modern concepts from its decision in principle capabilities to its approach to property risk.

Benson Hersch, CEO 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.”

Ed Ahrens, managing director of Aspen Bridging, added: “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.”