Santander UK has become the latest Associate Member to join the Bridging & Development Lenders Association (BDLA).
Santander UK is a leading UK bank with a long-established presence across retail, corporate and commercial banking. Through its Non-Bank Financial Institutions and Professional Services team, the bank supports specialist lenders in the bridging and development finance sector with the full suite of services from day-to-day banking requirements to a range of funding and risk management solutions.
Its decision to join the BDLA represents a significant endorsement of the short-term property lending market and reflects the growing importance of institutional funding in supporting a professional, sustainable and well-capitalised sector.
The BDLA is the only trade association dedicated to representing the interests of bridging and development lenders and their customers. Its membership brings together lenders, funders, legal firms, valuers, technology providers and other professional services businesses that support the continued growth and development of the market.
Adam Tyler, CEO of the BDLA, commented: “We are very pleased to welcome Santander as an Associate Member of the BDLA. Santander is a hugely respected and recognisable name in UK financial services, and its decision to join the association is a positive statement about the strength and direction of the bridging and development finance sector.
“Access to funding is fundamental to the continued growth and stability of our market. The fact that a major high street bank such as Santander is actively funding lenders in this space underlines the increasing confidence in short-term property finance and the important role it plays in supporting borrowers, brokers, developers and the wider property market.
Jon Bowring, Regional Managing Director at Santander Non-Bank Financial Institutions & Professional Services Team, said: “We’re pleased to join the BDLA as an Associate Member and to support an association that plays such an important role in representing the bridging and development finance sector.
“Santander supports lenders in this part of the market with a full suite of services and we recognise the value of working closely with an organisation that promotes professionalism, transparency and sustainable growth.”
“The bridging and development finance sector continues to play an important role in the wider property finance landscape, and we look forward to further engaging with the BDLA and its members.”
