The Bridging & Development Lenders Association (BDLA) chief govt Vic Jannels has introduced he’ll retire from his function on the finish of the yr.
Jannels was appointed as chief govt in 2019, when the affiliation was identified below its former title, the Association of Short-Term Lenders.
Since then, he has performed a pivotal function in shaping its affect and relevance throughout the bridging, growth, and specialist property finance sectors.
Under his management, the BDLA has grown its membership to just about 100 organisations and launched a number of initiatives.
During this era, the mortgage ebook measurement of lender members has elevated from £4bn to just about £13bn and continues to develop.
Commenting on his retirement, Jannels says: “It’s been an actual privilege to function CEO of the BDLA and I’m extraordinarily happy with what we’ve achieved throughout my tenure.”
“We’ve launched the Certified Practitioner in Specialist Property Finance (CPSP) qualification, which has helped increase requirements throughout the sector; we’ve labored intently with the sector because it has grown by way of regulatory and difficult financial intervals; we’ve launched the annual Bridging Market Survey in collaboration with Interpath Advisory; and we now have now collaborated with SIRA within the growth of a classy early warning fraud platform that may show an enormous leap ahead for short-term lending.”
“Given all of this and, having spent greater than 53 years on the earth of mortgages, it now looks like the correct time handy over the BDLA reins to somebody new who can lead the Association in its subsequent development part. I stay up for supporting the transition through the the rest of the yr.”
BDLA govt committee member and director of Greymax Alan Margolis provides: “Vic’s contribution to the BDLA and the broader trade can’t be overstated. His management, vitality and integrity have helped to form the BDLA into the authoritative and revered organisation it’s right now.”
“On behalf of the Executive Committee and our members, I wish to thank him for his tireless service and dedication.”
“We are dedicated to discovering a successor who can construct on Vic’s legacy and proceed to champion the pursuits of bridging and growth lenders – particularly in persevering with the BDLA’s lead throughout fraud prevention, schooling and coverage illustration.”
In June, BDLA introduced that new bridging mortgage completions totalled £2.8bn in Q1 2025.
