ASTL says growing membership means better representation of the short-term property lending sector
Mercantile Trust has become the latest lender to join the Association of Short Term Lenders (ASTL).
A specialist bridging and buy-to-let lender, it is part of the Norfolk Capital Group of companies, which has been providing financial solutions for more than 30 years.
In bridging, Mercantile Trust offers loans up to £500,000, although it can consider larger deals on referral. It has specialist propositions to suit both light and heavy refurbishments, and also offers a range of micro bridging loans up to £49,999.
“At Mercantile Trust, we offer a common-sense approach to lending decisions and are committed to providing excellent customer service,” Maeve Ward, director of commercial operations at Mercantile Trust, said.
“This genuine approach to delivering the best possible customer outcomes aligns closely with the principles and ethics of the ASTL. So, we are delighted to become members of the association, and look forward to working together with other members to promote good practice and sustainable growth in the bridging market.”
Vic Jannels (pictured), chief executive at the ASTL, welcomed Mercantile Trust to the association.
“Our growing membership means that we now represent the vast majority of recognisable brands in the short-term property lending market,” Jannels said.
“With every new member to join our ranks, the volume of our voice and the strength of our influence increases. This means we are even better positioned to promote the sector, engage with policy makers, and uphold standards.”
