On its
new 2026 Rate Card, Heavy Refurbishment is available at 0.74% per month at 80%
LTV and Residential & Development Exit is now 0.74% per month at 75% LTV.
The
lender’s award-winning No Valuation rates, including refurbishment, have
dropped to 0.79% per month up to 80% LTV.
Stepped
Rates, which are available for all products and clients, are now from 0.35% per
month.
Foreign
National, Semi-Commercial and Commercial rates have been reduced to 0.84% per month
while Ground-up is reduced to 0.79% per month.
All of the rate cuts represent reductions of 60bps.
Jack
Coombs, Chief Operating Officer at S&U PLC, parent company of Aspen, said:
“In this rapidly evolving financial market it’s essential we remain competitive.
“These
reductions, alongside our excellent customer service, will ensure we are the
lender of choice for brokers representing quality UK developers and foreign
national investors.”
Aspen’s portfolio of bridging products are available
for net loans between £200,000 and £15m, for UK and foreign nationals, for
projects across England and Wales.