The Bridging & Development Lenders Association has marked a milestone in its growth with the addition of Knowledge Bank as its hundredth member.
The Bridging & Development Lenders Association has welcomed Knowledge Bank as an associate member, taking the trade body’s total membership to 100.
Knowledge Bank is a mortgage criteria search platform used by intermediaries to compare lender requirements across multiple categories, with the aim of improving efficiency in case placement and supporting better outcomes for borrowers.
The BDLA said the milestone represents the largest membership in its history, spanning lenders and associate firms. Of the 100 members, 55 are lenders, representing a combined loan book of more than £13.7 billion.
Adam Tyler, chief executive of the BDLA, said: “We are delighted to welcome Knowledge Bank as the hundredth member the BDLA. Reaching 100 members across lenders and associates is a big achievement and an important milestone.
“When I first collected data for the bridging industry in 2005, we measured the market at around £300m. The latest data from the BDLA members is closer to £14bn, which is a real credit to everyone who has been involved over that period and, as we all know, it is still growing.
“The role of data and technology in supporting brokers, improving efficiency and strengthening decision-making across the sector is also growing. Associate members play a valuable role in our ecosystem, and we look forward to Knowledge Bank’s contribution as we continue to promote best practice and strengthen our sector’s voice.”
Shane Chawatama, sales director at Knowledge Bank, said: “We’re really pleased to join the BDLA as an associate member and delighted to become the hundredth member of this growing trade association.
“The BDLA provides a strong platform for collaboration and for sharing insight that supports the industry’s continued growth and evolution. With our imminent move to add development finance as the eighth lending type available to brokers, the timing couldn’t be better.
“We’re happy that we can align ourselves with a trade body that represents such an important part of the specialist property finance market and look forward to engaging with members and contributing to the work the association is doing.”
