ASTL sees 20pc increase in conference delegates

The conference held on Tuesday, at Painters’ Hall in the City of London, was attended by 140 members of the bridging industry.

The conference was held to prepare lenders, brokers and service providers in the industry for the opportunities and challenges faced by the bridging finance industry.

It addressed the concerns of many regulated lenders regarding the implications of the MMR since it came into effect on April this year.

Benson Hersch, CEO of ASTL, said:“It was a hugely successful day with a very high turnout.

“The residential market will continue to prosper and the constraints of the MMR and the forthcoming EU Mortgage Credit Directive will need to be dealt with as ASTL members continue to be at the forefront of responsible lending.

“In the latest quarterly figures from ASTL members, the value of bridging loans increased by 92% compared to the same quarter last year while business confidence remains high. This certainly augurs well for both the industry and consumers.”