The Bridging & Development Lenders Association (BDLA) has announced that Adam Tyler will become its new chief executive officer from early 2026.

Tyler will replace Vic Jannels, who is stepping down at the end of 2025 after six years in the role.

Tyler was chief executive of the National Association of Commercial Finance Brokers (NACFB) for more than 11 years and later served as executive chairman of the Financial Intermediary & Broker Association (FIBA).

The appointment was announced on stage at the BDLA’s Annual Conference on 12 November.

Tyler said: “Having been involved in specialist property finance for nearly 35 years and running trade associations in the sector for over 20 years, it is a real privilege to become chief executive of the BDLA. I have seen and worked with most lenders within the bridging and development sector over that time and I am looking forward to building upon the great work that Vic has undertaken over the last six years.”

During Jannels’ tenure the BDLA rebranded, expanded its membership and its lender loan book size nearly tripled.

Jannels said: “I have really enjoyed the intense and exciting challenge of this amazing sector of the mortgage market. I have known Adam for many years and am certain that he will bring his considerable experience and knowledge to bear in taking the BDLA to new heights.”

The BDLA has almost 100 lender and associate members with a collective loan book of more than £13billion.