Phoenix Money Group has joined the Bridging & Development Lenders Association (BDLA) as a lender member.

The privately funded lender provides short-term property finance to investors, developers and individuals across the UK.

It offers bridging loans from £50,000 to £5 million, supporting requirements including property purchases, refinancing and auction finance.

BDLA chief executive Adam Tyler says: “We welcome Phoenix Money as the latest Lender Member of the BDLA. Its experience as a privately funded lender will bring a useful perspective to discussions about the practical challenges facing lenders, brokers and their customers.”

Phoenix Money managing director Manish Gambhir adds: “Joining the BDLA gives us the opportunity to share our experience with other lenders and contribute to the issues affecting our market. Working through a trade association helps ensure those discussions inform how the sector is represented.