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Aspen Bridging reduces rate in Christmas promotion

Aspen Bridging has made a special Christmas rate reduction, offering 0.54% on all deals completed between 24 November and 24 December.

 

The offer represents an 8.5% drop on the current initial rate of 0.59%, and is available up to £3m net and 75% loan-to-value (LTV) on Aspen Bridging’s 10-month stepped rate product.

In addition, the lender is offering a surprise gift for every broker who completes a deal by Christmas Eve.

The lender aims to take the majority of applications from enquiry to completion in just three to 10 days, utilising integrated legal representation and video signature processes, with desktop valuations where appropriate, to ensure rapid drawdowns.

Aspen’s stepped rate product covers residential and light refurbishment, residential and medium refurbishment, HMOs, prime semi-commercial and prime commercial property.

Jack Coombs, director at Aspen Bridging, said: “There’s no doubting it’s been a challenging year in the finance sector, so we’re looking to end 2020 on a high with a little Christmas cheer, and with our Time Based Service Excellence promise, there’s still plenty of time to get deals over the line.”

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