Associations and Trade Bodies

AOBP:

The Association of Bridging Professionals (AOBP) first launched its monthly Market Report at the end of 2010.  In its earlier form, the data captured from the AOBP’s sample set of specialist distributors simply represented case volume completed by short term lenders.  However, since March the report has included actual lending volumes and has become a widely-read reflection of lenders’ business levels with the sample set of packagers.

Each month, the distributors, including those who sit on the Executive Committee of the Association, submit their bridging business figures to an independent auditor which are then collated and depicted in a table.  Further analysis is then done on the final figures to point out significant features indicated by the results.

The chart below shows how the various lenders have fared with the panel during the seven months from March to September this year.

To view the complete monthly tables and read the full analyses, visit the AOBP website here.

astl:

The Association of Short Term Lenders (astl) is the trade body representing lenders in the industry, existing to promote and protect their interests. astl has almost 30 members – in addition to lender members, the association also has a group of associate members who are mainly professionals and service providers to the short term lending industry.

astl was set up to protect and promote the interests of its members and to give confidence to all the parties who transact business with the members. The body operates a code of conduct and membership rules.

Members agree to the following objectives:

–      Create group of “appropriate” members, with common interests

–      Collect and distribute industry statistics and data

–      Introduce and manage a code of conduct

–      Protect members’ interests (including fraud prevention)

–      Handle external relations, and collaborate with the press and the regulators

–      Give confidence to the public, businesses, the financial community and parties who transact with the members.

http://www.theastl.org/index.html

NACFB:

The National Association of Commercial Finance Brokers (NACFB) is the UK’s trade body for business finance brokers. Founded in 1992, with the aim of securing the integrity and future wellbeing of the broker market for the benefit of both brokers and their customers, the association strives to raise the standards of proper professional practice in the commercial broker industry.

NACFB offers advice and support to brokers in the early stages – providing business document templates, free legal helpline, factsheets and training and development events throughout the country.

For established brokers, the association also provides networking opportunities with other industry members, help and support with legal and compliance issues, competitive professional indemnity insurance and training and development.

The association publishes its own industry-recognised Code of Practice and has established complaints and disciplinary procedures designed to eliminate unacceptable working practices amongst its members.

NACFB also aims to protect its members and their clients against restrictive practices within the industry.

In the interests of members and their clients, the NACFB monitors legislation and makes representations to the Government and Regulators. It furthers the principles of good practice by seeking to work with kindred associations and interest groups, and by providing education and training for its members and their employees.

http://www.nacfb.org.uk/