Aspen has just announced a major rate cut across its entire range of bridging loans – some by as much as 0.6%! This means you can now access flat rates from 0.85% per month. If you prefer a stepped rate, they start from a tiny 0.59% per month, eventually moving up to 1.25% per month.

Here’s a breakdown of what’s on offer:

Residential and Development Exit Rates:

• Get a rate as low as 0.87% for Loan-to-Values (LTVs) up to 75%.
• Push the LTV down to 70% and you’re looking at a rate of just 0.85%.

Refurbishment Bridges:

• Get those hammers swinging with rates from just 0.89% at 80% LTV.

Need Speed? No Valuation Loans Are Here!

• Aspen’s streamlined “no valuation” option means no waiting around for property inspections.
• They’ve also bumped up the LTV to a generous 75% (that’s a 5% increase) with rates starting from 0.89%.

Bridge-to-Let:

• Aspen’s bridge-to-let products now start with a servicing rate of only 6.99% (down from 7.49%) plus a 2% deferred charge.
• They’ve also opened up these products to foreign nationals and are now considering properties undergoing refurbishment or those with a semi-commercial element.

Here’s what Managing Director, Jack Coombs had to say:

• “We are extremely positive about the outlook for the UK property market over the coming year and our parent company, S&U, is fully committed to investing in the growth of our bridging and bridge-to-let lending in this exciting space.”