Aspen completes two deals in five days

Aspen has completed two deals in five days which breaks the lender’s own time-based service excellence targets.

Both cases were auction purchases which had entered notice period deadlines and needed quick solutions to enable completion.

Aspen was initially approached in July to purchase and renovate a detached property in Birmingham and quickly provided a £193,000 bridge at 73% LTV with a six-month rate of 0.59% per month.

The same borrower then returned in August requiring a £128,000 bridge to secure a three-bedroom terraced property in Solihull which required renovation.

The deal was also at 73% LTV with a six-month rate of 0.59% per month.

The lender surpassed its time-based service excellence targets which aim to complete the majority of applications in 10 days.

Jack Coombs, director at Aspen said: “We are currently seeing a lot of repeat customers at the moment, particularly with our newly-enhanced service capabilities to turnaround cases quickly and offer reliability.”

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