Aspen lowers rates and increases loan sizes

Mortgage Introducer

December 4, 2018

Bridging lender Aspen has reduced rates on all products, increased loan sizes and upped commercial LTVs in what it has marketed as a ‘Winter Offer’.

Rates will now range from 0.49% to 0.59% per month across residential bridging ranges, including its 80% LTV and heavy refurb products.

The lender is offering a higher LTV of 72.5% on all of its commercial products, while it has increased loan size from £1m to £1.5m for customers with acceptable credit.

Ed Ahrens, managing director at Aspen, said: “Our focus is fundamentally on service and our enhanced team is able to provide the fastest and most reliable turnarounds in the industry. We have also complemented this with market-leading rates.”

Aspen said it is looking to expand its book and deliver products to a wider audience.

The new offering is available for both new and existing introducers.

Coombs 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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