With the Nelson’s column serving as an impressive backdrop, guests in attendance were given an exclusive preview of the lender’s latest rate card reductions and service innovations.

Managing Director, Jack Coombs revealed reductions in bridging and BTL rates of up to 72 bps as well the launch of a new Structured Finance offering for loans up to £15m net.

The company also announced its commitment to reach £1 billion of lending within the year.

Jack said: “We are fortunate to have such excellent broker partnerships and it was great to celebrate with them at our first Spring Party.

“This new annual event is about forging closer relationships and getting brokers face-to-face, not just with sales but also the underwriting and credit teams. Specialist finance is a people industry and our trusted relationships help us drive growth.”

Earlier this week, Aspen announced it was responding to the latest Bank of England base rate reduction with the launch of a new Rate Card, showing cuts of up to 72bps across several of its most popular products.

Residential bridging is now 0.78% pm at 75% LTV while Heavy Refurbishment is now available at

0.83% pm at 80% LTV and 0.78% pm at 75% LTV, all falls of 72bps.

Stepped Rates, which are available for all products and clients, are now available from 0.39% pm marking another reduction of 72bps.

In addition, its No Valuation rates have dropped to 0.84% pm at 75% LTV, a decrease of 60bps.

The lender is simultaneously launching a new larger loan offering with flat rates from 0.75% pm and stepped rates from 0.39% pm for loans above £2m up to £15m net.