OSB Group has joined trade body the Association of Short-Term Lenders.

The specialist lending group includes such brands as Precise Mortgages, InterBay Commercial and Heritable Development Finance, as well as Kent Reliance for Intermediaries. 

Later this month, OSB Group group intermediary director Adrian Moloney will also speak at the Association of Short-Term Lenders annual conference, delivering a lender’s view of the short-term market.

The Association of Short-Term Lenders chief executive Vic Jannels says: “We now have more than 40 lender members, representing the vast majority of recognisable brands in the short-term property lending market. 

“OSB Group is a large, influential player that will help to give us a stronger voice in promoting the sector, engaging with policymakers and upholding standards.”

OSB’s Moloney adds: “The short-term lending market has grown in strength and reputation under the guidance of the Association of Short-Term Lenders, which remains the leading trade association for lenders in the sector. 

“This market has a great opportunity to provide finance solutions for an even wider group of customers, but it can only make the most of the opportunity if it continues to maintain high standards of customer focus and transparency and we are looking forward to playing an active role with the Association of Short-Term Lenders in helping to achieve this.”

The Association of Short-Term Lenders was formed in 2008 to represent lenders who offer short-term or bridging loans. 

The body says: “Membership requires that all members sign up to a code of conduct, which includes treating customers fairly, no charging of commission or other payment that is perceived as being excessive and requires that fees are openly disclosed.”