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The Association of Short Term Lenders
 
This is an association that promotes confidence in Bridging Finance and short term secured lenders.
 
It was set up because a whole host of new lenders were being established that did not operate ethically or professsionally and were giving the industry a bad name.
 
Its lenders have to comply with its code of practice
 
This helps to promote professionalism and will help customers
 
It operates a complaints procedure
 
For Bridging loans that are unregulated, this provides some comfort that there is an independent board of 3 directors to hear your complaint. Without this process the only option would be the courts and this would be very expensive
 
 
 
 
 
 
 
 

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