The Association of Short Term Lenders (ASTL) has welcomed a new member in Apex Bridging.

This takes the ASTL’s membership to 30.

The bridging association set a target of 30 members two years ago when it 22 members.

Apex Bridging is a specialist bridging loan lender based in Leicestershire, which provides short term property finance to individuals and companies and ongoing loan facilities to property trading and investment firms.

It will lend from £50,000 up to £3million.

Benson Hersch, chief executive of the ASTL said: “Apex Bridging is a reputable lender with a perceptive approach to its clients’ needs. The ASTL trusts that the company’s membership will continue to raise the standards of the bridging industry, as we collectively aim to add value to clients.

“All of our members also sign up to a Code of Conduct and a Value Charter which should give confidence to brokers and borrowers that they are dealing with a responsible and ethical lender and we welcome other lenders who are willing to operate to these high standards.”

Mike Elliot, director of Apex Bridging, added: “At Apex, we pride ourselves on providing a blend of lending expertise and excellent service to both our brokers and borrowers.  Combining this with our ability to offer individually tailored solutions to clients allows us to be confident that we will continue to grow our position in the industry. 

“Our values are very closely aligned with the ASTL and we support all its work with lenders, regulators and the treasury to promote ethical bridging lending, protecting both lenders and borrowers operating within the field.”