Our residential product supports property professionals with purchases, refinances and capital raising on investment properties at up to 75% LTV.
|Max LTV||75% LTV|
|Valuation basis||OMV 180 day|
|Uses||Purchases, refinances & capital raising|
|Areas||England & Wales|
|Sizes||£150k - £5m net|
|Integrated Legals||Available - 2 firms 1 process|
|Borrower type||Individual & Corporate|
|Borrower residency||UK & Foreign|
|Customers||Clean credit & non-PEP's|
|FLAT RATE PRODUCT|
|All types & LTV's||0.74% - 0.89%|
|STEPPED RATE PRODUCT|
|All types & LTV's||RATE|
|Initial Rate||0.44% - 0.54%|
|Initial Term||6 m|
|Total Term||12 m|
|Exit fee||1 month's interest|
Register as an introducer HERE.
Send an enquiry to firstname.lastname@example.org 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.
Aspen has completed a £1.5m, 75% Development-Exit bridge on two semi-detached newbuild homes in Hertfordshire, giving the client extra time to secure market value sales.
As build control sign off and warranty were awaited, Aspen liaised directly with the build control and warranty providers to understand the project was progressing and ensure completion was not delayed.
The case was completed on the lender's Flat Rate Product across the 10-month terms, with no early repayment charge and no exit fees.
The application was handled from start-to-finish by Saif Khalique, Underwriter at Aspen Bridging.
John Smith, Senior Associate at Fieldfisher LLP and Ayesha Yunus, Senior Partner at Ola Leslie Solicitors represented Aspen and the client respectively, the latter being part of the lender's 'recommended solicitor guarantee' which will deliver all legal requirements in under 10 days.
The client was a first-time buyer requiring maximum leverage to purchase an off-plan, new-build flat in London and save their initial 10% deposit.
Aspen, completed on a rate of 0.59% pm for £460k at 74% LTV, on a seventh floor buy-to-let apartment in the Fulham Reach Development.
Andrew Thriepland at Capricorn Commercial who introduced the case said: "Leverage is vital for property investors, and in this particular case was essential for the applicant to secure the apartment, save their initial investment and begin their career as a property investor.
"As always Aspen, and in particular Senior Underwriter Prabhat Talwar who took the case from start-to-finish, immediately understood the aspiration and requirements and worked with all parties to ensure the funds were released as soon as possible."
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 65% 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.
This product covers lighter refurbishments at up to 75% LTV.
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.
A rapid £2,327,250, 73% loan-to-value bridging loan from Aspen has saved a customer's £125k auction purchase deposit and provided additional funding on a part-finished development.
Completed in just 15 days at 0.49% for six months on the lender's stepped rate product, the deal brings together both a rapid auction purchase and finish-and-exit elements under one roof.
The auction purchase, a six-bedroom semi-detached in Wandsworth, was bought at the end of August with the monies required within a 15 day period.
The part-finished development project, a five-bedroom terraced property in the same area, was purchased in 2019 and still has £140k works outstanding. The deal also includes 100% works funding.READ MORE