In a challenging economic climate, with high inflation, soaring mortgage rates and rental prices impacting consumers, property developers and the buy-to-let market, the bridging market has managed to sustain its momentum and flourish. The Association of Short-Term Lenders (ASTL) figures show that bridging completions passed £1.4 billion in Q1 2023, a 11.8% increase on the previous quarter.

Ashman Bank has been awarded a significant grant of £200,000 by The Green Home Finance Accelerator to support the UK Government’s Net Zero Innovation Portfolio (NZIP) and help homeowners decarbonise their properties and accelerate the path to net zero.

Two thirds (64%) of property entrepreneurs have a positive market outlook for the year ahead, new research from Ashman Bank has found. As further proof of a sense of optimism amongst market participants, 81% of respondents believe property sector funding will increase in 2023, and two thirds (65%) anticipate the mortgage market will become more stable with rates settling as early as next year.

Ashman, the ambitious new entrant bank, has appointed Ben Hynes as Chief Information Officer (CIO) and Mark Holloway as Chief Technology Officer (CTO), expanding its senior team.

Ashman is currently leveraging Mambu’s cloud banking platform to manage its loan offering to build speedy, personalised service for conscientious property businesses and entrepreneurs in the UK.

Partnership will support real estate lender with fast decision making and flexible credit offerings via a cloud-based platform

Ashman, the new entrant bank, has appointed Simon Proctor as Head of Credit Risk. Proctor will be responsible for the oversight of the bank’s lending portfolio…

In an exciting step in our journey, we're pleased to announce Ashman Bank is now officially a member of @UKFinance.

Ashman, the new entrant bank, has appointed Matt Cowan as Chief Financial Officer (CFO).

Ashman, the new entrant bank, has appointed Neil Molyneux as Senior Relationship Director.

Molyneux will initially be leading the team responsible for originating new lending and building the broker panel.

Ashman has announced its UK banking licence (Authorised with Restrictions or ‘AwR’), which means it has been authorised and regulated to trade with restrictions by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA).