Mayfair-based Masthaven Bridging Finance has been named as the association’s first affiliate lender. 

The AOBP officially launched on Tuesday, 12 October and say they have already received several applications from lenders applying for an affiliate membership.

AOBP Executive Committee Member and Compliance Expert Ray Cohen, said: “I am delighted that Masthaven has been granted the first Affiliate Lender Membership, and I am confident they will set a precedent for the Association. 

“Masthaven has been established in the sector for over 25 years, and provides the quality of service the AOBP is looking for in a lender.

“By becoming an affiliate member, relationships between the team at Masthaven and our advisors and packagers will become even stronger, helping to promote a better united industry.”

Andrew Bloom, Managing Director of Masthaven Bridging Finance said: “Masthaven is delighted to be associated with the AOBP, its membership is the life blood of the bridging industry and advisors thoroughly deserve to be represented in this way.

“I look forward to supporting its members who we currently work with, whilst building relationships with new ones.”

Formed by a selection of experienced bridging professionals, out of an increasing need to provide the sector with a unified voice, AOBP says they will, “act as a trade body to help promote a better operating environment in the bridging finance sector, whilst providing essential information and industry analysis to its members.”

The AOBP affiliate lender membership is granted on an application only basis. Lenders must be FSA accredited and hold a CCL, or be a member of the Association of Short Term Lenders, please visit

www.aobp.org.uk

for more details.