AOBP enter third year with new Associate Lender

This addition brings the total number of supporting lenders to 20, following a successful round of membership renewals in September in which only Tiuta Plc - now in liquidation - was removed from the list.

The news comes just as the Association is set to celebrate its second anniversary at the Annual General Meeting on 25th October in London.

Hope Capital Ltd, which today announced the launch of a brand new interactive website is 100 per cent privately funded and set up to offer bridging loans of up to £500,000 for a term of up to six months. This short term financing is secured as a first charge against a property or a number of properties, depending on the circumstances.

Jonathan Sealey, CEO of Hope Capital Ltd, commented:

"Hope Capital is proud to become Associate Lenders of the AOBP, and we are looking forward to working with the Association on their objectives for the bridging industry.

"It is important for everyone who is involved in the bridging finance market to have a central representative body to put our views as a collective to the FSA, OFT, Treasury and any other relevant Government body or organisation which impacts on the operation of the bridging industry.

"Becoming an Associate Lender with the AOBP is an important step in the expansion of Hope Capital, and will increase the awareness of the bridging products we can offer as principle lenders."

Hope Capital Ltd entered the market 12 months ago and pride themselves on being quick, flexible, specialist and transparent.