Shawbrook has joined the Association of Short Term Lenders.
Shawbrook has joined the Association of Short Term Lenders.
The specialist bank has become the ASTL’s 34th member alongside 23 associate members.
Shawbrook launched in 2011 but has grown to become one of the biggest names in the specialist mortgage sector.
Karen Bennett, sales and marketing director at Shawbrook, said: “We entered the short-term market shortly after our launch five years ago.
“In that time we have seen the ASTL go from strength to strength working hard to raise standards in the bridging industry and we were delighted to see the addition of the MCOB inducement rules to the Code of Conduct in 2015.
“It is testament to their success that we are now happy to join the organisation, confident that we will be meeting with a number of like-minded lenders working together to raise the profile of the sector and the valuable role that it plays in today’s lending market.”
Shawbrook offers asset finance, savings accounts, mortgages and loans.
Benson Hersch, chief executive of the ASTL, said: “Shawbrook has an excellent reputation in the bridging industry. It has stood out as a genuine challenger bank, not only in bridging but increasingly in more mainstream areas of lending too and we are very pleased to welcome them as a member.
“Similarly to the ASTL, Shawbrook understands the importance of building strong relationships with brokers, clients and other business partners while ensuring the highest industry standards are adhered to.
“Shawbrook’s industry knowledge and experience will make them a welcome addition to the ASTL and will contribute to the association’s growing diversity.”
