 Aspen Bridging have had a fantastic first few months of 2024 lending over £60m so far and our completions have ranged across our core areas of heavy refurbishment, no valuation, foreign national deals and development exits. |
| At Aspen we are keen to expand further our equity funded bridging volumes and we have decided to reduce our rates in key areas effective immediately. |
| Stepped Initial Rate: |
|
Overseas |
UK borrower |
| All types & LTVs |
Full |
0.65% |
0.59% |
| Reduced |
0.55% |
0.49% |
|
| Flat rates: |
| Residential Products |
Max LTV |
Rate pm |
| Dev exit & Refurb |
80% |
0.94% + 1m’s exit |
| Reduced |
0.89% + 1m’s exit |
| 75% |
0.89% |
| Reduced |
0.85% |
| Residential |
75% |
0.89% |
| Reduced |
0.85% |
| Light Development |
75% |
0.94% |
| Reduced |
0.89% |
| No valuation* |
75% |
0.94% |
| Reduced |
0.89% |
|
| *No Val is 75% purchase, 70% refi, 65% semi-comm |
| Commercial Products |
Max LTV |
Rate pm |
| Semi-comm |
70% |
0.94% |
| Reduced |
0.89% |
| Commercial |
65% |
0.99% |
| Reduced |
0.94% |
|
| 2 yr Bridge to Let |
Pay Rate |
Full Rate |
| Resi, Light Dev, No Val, HMO & Semi-comm |
7.49% |
9.49% |
|
| Please note overseas borrowers & cases < £400k are 0.05% loaded, cases over £2m net are bespoke quoted. |
| Our USPs |
- Foreign National Bridging experts
- 80% LTV
- Funding 100% Drawdowns
- No Val Completion within 10 days
- DocuSign & No search indemnity
- 2-year Bridge to Let
- Loans from £200k – £10m Net
|
| For new deals please email enquiries@aspenbridging.co.uk or call our mobiles here: |
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