Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.
Santander Becomes Associate Member of Bridging & Development Lenders Association
Santander has joined the Bridging & Development Lenders Association (BDLA) as its latest associate member. The bank supports specialist lenders in the bridging and development sector through its non-bank financial institutions and professional services team.
Santander provides banking facilities, funding, and risk management solutions to lenders in the sector. The BDLA brings together a range of organisations, including lenders, funders, legal firms, valuers, technology providers, and other professional services businesses, to support the growth and development of the bridging and development finance market.
Earlier in May, GB Bank also became a lender member of the BDLA.
This development is relevant to UK letting agents and inventory clerks as it highlights ongoing support and confidence in the short-term property finance sector, which plays a role in property transactions and development projects across the market.
Source: Mortgage Solutions