Avamore Capital has been accepted as a full member of the ASTL, the Association of Short Term Lenders (web: https://www.theastl.org)
Avamore Capital is already a member of the NACFB (as Patron Member). In addition, our Principals further have FCA authorisations and RICS memberships on an individual basis.
Michael Dean, Principal, said “We are absolutely delighted to have been admitted to the ASTL. It is an affirmation that we are applying best practice in the work we do, protecting our investors and equally importantly, treating our customers, i.e. our borrowers, fairly. It should also give brokers confidence in our abilities to perform for their clients.
We look forward to working with Benson Hersch, his team and the other full members to promote the industry and to keep the unregulated short term lending space outside of the scope of the FCA. We are going to do that by maintaining highest quality standards and putting our customers first.”
Notes to Editors: Avamore Capital Ltd is a family office backed Principal Lender, lending (first and second charge) to property entrepreneurs from £300,000 and above (with no upper limit), with all loans underwritten by Avamore’s Principal’s families up to £5m. Specialising in loans up to 18 months in duration, Avamore’s unique selling points are its flexibility, competitive pricing and direct access to the individuals writing the loans. Avamore has no formal credit committee and funds can be drawn in as little as 48 hours of agreeing terms. For further information on Avamore, please visit www.avamorecapital.com or email email@example.com