Benson Hersch

Aspen Bridging joins the ASTL




The Association of Short Term Lenders (ASTL) has announced Aspen Bridging as its latest member.

Aspen Bridging is a wholly owned subsidiary of S&U PLC, a FTSE-listed firm with a long history of developing businesses in speciality finance.

The lender provides unregulated bridging finance for individuals and business owners and can offer up to 80% LTV and up to 100% of purchase price.

It also combines 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.

“We believe in building strong partnerships and want to contribute to the conversations and debates that are happening within the industry,” said Ed Ahrens, managing director of Aspen Bridging.

“We also want to be associated with well-respected and professional partners and associations, and the ASTL stood out for us.”

The ASTL recently revealed that demand for bridging finance had soared during the final quarter of 2016 and reached £2.83bn for the year.

Benson Hersch, CEO of the ASTL (pictured above), said the demand to become a member of the Association was 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.”

Ed concluded by adding: “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.”

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