Mainstream banks and Building Societies are leaving widening gaps in the secured lending market for alternative providers to soak up demand. Despite the Funding For Lending scheme, risk aversion towards non-conforming borrowing requirements creates opportunities for others, ranging from high-end property and bridging finance, to SME finance and asset-backed short term lending. This is becoming a market worth billions of pounds, and with it comes the responsibility to demonstrate probity and professional standards to regulators and government.
Benson Hersch, CEO, The Association of Short Term Lenders
Paul Brett, Business Development Director, Borro
Ralph Black, Director, National Association of Commercial Finance Brokers