WHY & WHEN
Our specialist HMO product supports purchases, refinancing and capital raising on licensed HMO’s at up to 70% LTV.
Our specialist HMO product supports purchases, refinancing and capital raising on licensed HMO’s at up to 70% LTV.
| KEY CRITERIA | |
|---|---|
| Max LTV | 70% LTV |
| Valuation basis | OMV 180 day |
| Uses | Purchases, refinances & capital raising |
| Properties | Licensed HMO’s |
| Areas | England & Wales |
| Security | 1st charge |
| Sizes | £150k - £10m net |
| Terms | 12-18 months |
| Integrated Legals | Available - 2 firms 1 process |
| Borrower type | Individual & Corporate |
| Borrower residency | UK & Foreign |
| Interest basis | Retained |
| Customers | Clean credit & non-PEP's |
| FLAT RATE PRODUCT | |
|---|---|
| RATE | |
| All clients & LTV's | 0.74% - 0.84% |
| STEPPED RATE PRODUCT | |
|---|---|
| All types & LTV's | RATE |
| Initial Rate | 0.39% - 0.49% |
| Initial Term | 6 m |
| Total Term | 12 m |
| Secondary rate | 1.24% |
| Exit fee | 1 month's interest |
Register as an introducer HERE.
Send an enquiry to enquiries@aspenbridging.co.uk or call an underwriter on their mobile directly (c.30 mins) or use the portal to generate a quote yourself (instant).
Quotes will include integrated legals contact and fees – this is a specialist borrower solicitor service integrated with our lenders solicitors’ firm to maximise speed whilst offering independent advice.
Submit the preferred option on our online portal with basic info on customers, the security and the solicitors.
You will be notified which underwriter your case is assigned to and within 3 hours you will receive a DIP post credit and land reg searches which will include case-tailored forms.
Return the 1-page Authorisation Form and we will instruct the lawyers and valuers within 1 hour of receipt. Clients will need to put solicitors in funds for undertakings and pay valuers directly.
We will share reqs list information with you every step of the way and work to help you and your client through to completion.
Aspen releases funds for completion and pays introducers within hours of completion.
Our residential product supports purchases, refinances and capital raising on investment properties at up to 75% LTV.
This unique product enables genuinely urgent transactions at up to 70% LTV at initial quote stage and is guaranteed in under 10 (and can be as fast as 2) working days.
This specialist product covers conversion schemes, Finish & Exits, structural works and extensions all at up to 75% LTV plus 100% cost of works.
Our specialist HMO product supports purchases, refinancing and capital raising on licensed HMO's at up to 70% LTV.
Our commercial offering covers prime commercial and semi-commercial properties within the new class E and B8 categories at up to 70% LTV.
Aspen Bridging,
No. 2 Stratford Court,
Cranmore Boulevard,
Solihull,
B90 4QT
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