The 12 represented short-term and specialist lender firms are: Montello Bridging Finance, Alternative Bridging Corporation, Dragonfly Property Finance, Lancashire Mortgage Corporation, Masthaven Bridging Finance, Omni Capital, United Trust Bank, Bridgebank Capital, Capital Bridging Finance, Regentsmead, MTF and Precise Mortgages.
The aim of the Lender Committee is to act as a voice for the AOBP entire lender contingency and, indeed, for the wider bridging and specialist finance community.
Marc Goldberg, Commercial Director at Lancashire Mortgage Corporation, said:
“I am delighted to be joining the AOBP Lender Committee. With my wealth of experience as a lender operating in the bridging market, I can assist in promoting a better market environment for brokers to work in. I aim to work closely with the committee, proposing new ideas and addressing any industry issues that arise, achieving favourable outcomes for brokers. I look forward to my role on the committee and building upon the great work the AOBP does.”
Members will meet for the first time at a post-summer event where they will exchange ideas with the Executive Committee regarding issues within the industry. Meetings are planned to take place on a quarterly basis from then onwards.
After each meeting of the two groups, an educational ‘white paper’ will be produced for distribution amongst AOBP intermediary members which will collectively depict the views of the lenders and specialist distributors and assist in better informing brokers within bridging.
Executive Committee member Rob Jupp spoke of the idea behind the new Committee: “The idea of a sub-committee within the AOBP is to offer a more accurate portrayal of views, appetites and (hopefully) consensus within bridging. We look forward to being able to offer our intermediary members even more value through this meeting of minds and welcome any and all topics for discussion from the Association.”
Members of the Lender Committee will be reviewed on an annual basis to allow each AOBP Associate Lender the opportunity to participate in the future.
