Greymax Capital says it operates with private capital and provides direct access to its principals and underwriters.

Michael Kingsley, director at Greymax Capital, said: “As a lender with experience on both sides of the transaction, we wanted to bring back true relationship lending, the way it used to be.

“We are delighted to have been accepted into the ASTL and look forward to continued growth with their valuable support.”

Vic Jannels, chief executive of the ASTL, added: “I’d like to welcome Greymax Capital to the ASTL.

“Like all of our members, by joining the ASTL, Greymax Capital is demonstrating its commitment to upholding the highest of standards and promoting our Code of Conduct.

“The ASTL Code of Conduct is a kitemark of quality throughout the industry and a commitment that lenders will act in a professional manner, with honesty and integrity in their dealings with customers.

“I would encourage all brokers seeking a short term lending solution for their clients, to look for ASTL membership as a badge of quality.”