For investors, it places renewed focus on transparency, governance and the quality of the lending behind their returns. As First Mortgage Trust (FMT) marks 30 years in specialist property lending and investment management, Bendall puts its approach simply. FMT provides specialist property finance, with loans secured by first-ranking mortgages over land and buildings. More broadly, Bendall says specialist property lending has moved from being a niche part of the market to a more established source of funding over the past three decades. For Bendall, good lending comes back to three main considerations: who you are lending to, what you are lending on, and how the loan will be repaid.