Mercantile Trust has become the latest lender to join the Association of Short-Term Lenders (ASTL).
Mercantile Trust is a specialist bridging and buy-to-let lender and part of the Norfolk Capital Group of companies.
In bridging, Mercantile Trust offers loans up to £500,000, but will consider larger deals on referral.
It provides specialist propositions for both light and heavy refurbishments as well as a range of micro bridging loans up to £49,999.
Mercantile Trust director of commercial operations Maeve Ward says: “We are delighted to become members of the association and look forward to working together with other members to promote good practice and sustainable growth in the bridging market.”
ASTL chief executive Vic Jannels adds: “I’d like to welcome Mercantile Trust as the latest lender to join the ASTL. Our growing membership means that we now represent the vast majority of recognisable brands in the short-term property lending market. And, with every new member to join our ranks, the volume of our voice and the strength of our influence increases.”