Jack Coombs

Aspen lowers rates as part of winter offer

Aspen Bridging has reduced rates across all products, increased loan sizes and upped commercial LTVs as part of its new winter offer.

This comes after the bridging lender announced enhanced funding as it looks to expand its loan book further and deliver its products to a wider audience.

The new low rates will range from 0.49% to 0.59% across all residential bridging product ranges, including its 80% LTV and heavy refurb products.

Aspen is also complementing its existing 80% LTV residential product by offering newly enhanced, higher commercial LTV of 72.5% on all commercial products.

In addition, Aspen is increasing its loan sizes from £1m net to include £1.5m net for portfolio customers with acceptable credit.

“At Aspen, our focus is fundamentally on service and our enhanced team is able to provide the fastest and most reliable turnarounds in the industry,” said Ed Ahrens, managing director at Aspen.

“We have also complemented this with market-leading rates.”

As well as the product enhancements, Aspen has also announced several staff promotions, including Wayne Hicklin as head of underwriting and Harry Baker and Arthur Cole Fontayn as senior underwriters.

Jack Coombs, director at Aspen (pictured above), added: “Our message to brokers out there looking for a reliable lender is simple: look at the cases we have recently completed in record time.

“You and your clients will not be disappointed.”

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