Rockstead has become an associate member of the Bridging & Development Lenders Association (BDLA).

Rockstead was established in 2008 to provide a range of services to businesses involved in financial services as well as other regulated and non-regulated sectors. The firm operates across sectors including residential mortgages, later life lending, commercial mortgages, bridging finance, development finance, motor finance, asset finance, buy now pay later, consumer finance and credit cards. And its clients include investment and retail banks, building societies, hedge funds, private equity companies, non-bank lenders, funders, originators, investors, asset managers, third party servicers, insurance companies and pension funds.

The BDLA is a trade association dedicated to representing the interests of bridging and development lenders as well as their customers. The association now has 43 associate members and 46 lender members, with loan books currently in excess of £8.1 billion.

Vic Jannels, CEO of the BDLA, said: “I’m delighted to welcome Rockstead as the latest associate member to join the BDLA, taking our associate membership to 43 members, in addition to 46 lender members. Rockstead’s mission to raise standard governance, risk and compliance aligns with our own values at the BDLA, alongside our commitment to growing understanding and engagement with our sector amongst brokers and borrowers.

“Every new member, associate or lender, that joins the BDLA gives us greater momentum in achieving these goals.”

Brian Pitt, group CEO and co-founder at Rockstead, added: “The bridging and development lending sectors are growing markets, attracting new borrowers, brokers, lenders and funding partners. Sustainable growth requires a robust approach to governance, which is something the BDLA has been so successful at promoting and developing.

“At Rockstead, we can help firms achieve the high standards of governance, risk and compliance they need to succeed in this growing market.”