JMW Solicitors has been announced as the latest organisation to join the Association of Short-Term Lenders (ASTL) as an associate member.
The real estate finance team at JMW is one of the largest dedicated finance teams in the North West of England.
The ASTL, which is the only trade association dedicated to representing the interests of short-term lenders and their customers, revealed it is now approaching 50 associate members and has more than 40 lender Members.
Firms that join the ASTL tend to work in the bridging and secured loan sectors and members of the association must abide by a code of conduct which requires them to disclose costs and fees up front with no small print or misrepresentation of product offerings, as well as not charge non-refundable fees which could be perceived as being excessive.
Partner at JMW, Jodi Lund, said: “We advise a wide range of clients, including investors, institutional lenders, banks, specialist financiers, peer-to-peer lenders, fin-tech companies, short-term bridging lenders and mezzanine funders.
“We are known for our commercial approach that enables us to meet our clients’ goals and complete transactions swiftly whilst also effectively managing risk. Joining the ASTL gives us a great opportunity to work more closely with short-term mortgage lenders and play our part in helping to grow the reputation and opportunity in the industry.”
CEO of the ASTL, Vic Jannels, added: “I’m really pleased to welcome JMW as the latest organisation to become an associate member of the ASTL. A successful short-term mortgage market only works effectively when solicitors and lenders work closely together – and this collaboration can help ensure we deliver the best possible experience for customers.
“This is just one the reasons why associate members are so important to the ASTL, and our growing membership reflects the increasing number of like-minded businesses.”
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