The Association of Short Term Lenders (astl) has welcomed three new members to their fold.

The new members are Capital Bridging Finance Ltd, Omni Capital and MT Finance.

Adrian Bloomfield, Chief Executive of astl, said: “I have visited each one of these firms and had satisfactory discussions with their senior management.  The three firms are established lenders and of course we very much hope they will play their part and continue to contribute to our industry and our trade body.”

Capital Bridging Finance provides bridging loans from £26,000 to £1 million, while MT Finance, who were established in 2007, offer fast short-term non status bridging finance loans secured over properties and real estate assets.

Tomer Aboody, Head of Business Development at MT Finance, said: “We see the astl as having a significant role to play within the short term financing market in promoting greater transparency and client care.  These values run to the core of our business philosophy.  We are thus delighted to have joined the Association, and are looking forward to actively contributing.”

Omni Capital provides loans ranging from £50,000 up to £5 million, with short term lending periods from three to 12 months.

Adrian added: “I am pleased to report that we have further current discussions with several other lenders and generally there is a growing acceptance of the merits of being part of the trade body of the short term lending industry, and a sharing of standards and ambitions.

“We have gained another associate member, CKFT Solicitors, and again we have a current dialogue with several other service providers who may join us in the near future."