The specialist development finance lender works with brokers and property developers, focusing on residential schemes for new builds, refurbishments and conversions and offers loans that range between £200,000 and £2.5m.

Association of Short-Term Lenders chief executive Vic Jannels says: “Development finance is an important element of short-term property lending as it’s the driving force behind small- and medium-sized developers, who play such a key role in delivering the additional housing we so desperately need as a nation.   

“Having a diverse mix of lender members enables us to better represent the needs of all lenders in our sector, whatever their particular area of specialism.”  

Magnet Capital co-chief executive officer and co-founder Ashley Ilsen adds: “At Magnet Capital, our focus is on consistently delivering the best outcomes for customers, and this aligns with one of the objectives of the Association of Short-Term Lenders.   

“We pride ourselves on being transparent in all of our practices and this is why we’ve developed such a strong brand in the development finance sector over recent years.