Congratulations to our Executive Chairman who has been appointed CEO of the ASTL.
The function of The Association of Short Term Lenders is to protect and promote the interests of its members and to give confidence to all parties who transact business with them. Their members abide by a strict code of conduct; they are typically bridging and secured loan companies who provide loans and mortgages for short terms usually of between six months and one year.
Vic Jannels, CEO of the ASTL, says: “The bridging industry is at a critical point in its history. The market has delivered significant growth in recent years, but increased competition and economic uncertainty mean that it is more important than ever for lenders to maintain high standards of governance. Thanks to the magnificent efforts of Benson over the past seven years, the ASTL is the most prominent and well-respected organisation in this space, with an opportunity to unite the market and lead the way into a successful and sustainable future. I am both honoured and excited to have the opportunity to take the helm and shape the course of this fantastic industry.”
We are delighted to confirm that Shawbrook Bank has increased their proc fees and therefore all new applications sent to impact bridging and packaging will now offer the following increased proc fees:
- Short Term Lending = 1.10%
- Buy to Let = 0.875%
- Commercial = 0.875%
Remember, impact is a Strategic Partner with Shawbrook which not only gives us better proc fees to pass on to you, but we have access to key personnel which provides a better overall service.
Non-Regulated Bridging:
- 0.45% per month
- Maximum 70% LTV
- 24 month term
- Exit = Re-finance only
- 2% arrangement fee added
- Min £30k, Max £10m
- First Charges only
1% PROC FEE
Be quick, this great product will get snapped up quickly!
Vida are delighted to announce the release of their all new product range
- As such, with effect from 8pm Monday 18th November, a number of existing BTL and Residential products will be withdrawn in advance of the launch of our new look range.
- New range products will be available on Tuesday 19th November.
- To secure products from the current range, all DIPs must be submitted by 8pm on Monday 18th November. After this you will be required to select a product from the new range in order to proceed.
Please speak to the impact help desk to find out more on 01403 272625 and make sure you add impact as your submission route!
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