The Association of Short Term Lenders (astl) has added Dancastle Finance to its membership, bringing the total number of full members to 24.

Dancastle Finance, a family-run business operating for 30 years, typically lends on all types of property, offering loans for a duration of one day up to a year.

The company makes decisions on loans within 24 hours, and funds are usually made available immediately. Dancastle also works very closely with brokers and is happy to discuss each client’s requirements with their broker.

The astl is a trade body formed in 2008, to represent lenders which offer bridging or short term mortgages and loans.

Benson Hersch, Chief Executive of the astl, says: “We have a growing number of lenders joining the astl because they believe in the values that the astl has set out in its Charter and its Code of Conduct. Members of the astl set themselves apart by committing to operate according to a set of ethics and high standards in order to give confidence, both to clients and brokers.

“Dancastle, a family run firm, is firmly committed to these principles and is a very welcome member that will play an active part in the astl.”

Lee Dagul, Director of Dancastle Finance, said: “We firmly believe in the principles set forward by Benson and the astl and so it was a common sense decision to join the astl. The astl has done a really good job in promoting the cause of responsible bridging lenders and we would like to play an active part in continuing that.”

The news comes hot on the heels of Hope Capital, which also joined the Association one month ago.