A SPECIALIST LENDER EXCLUSIVELY PROVIDING EFFICIENT BRIDGING FINANCE

WHAT OUR CLIENTS
HAVE TO SAY.

CASE STUDIES

HIGH LTV

Exeter – Finanta – 80% LTV

  • Loan to Value (LTV): 80%
  • Gross facility Amount: £540,000
  • Loan Term: 8 months

Our valued introducers Finanta connected us to one of their long-time clients. A borrower with an experienced background in property development both international and domestic.

The client was looking to refinance one of his new developments as his current lender was coming to end of term. The proposed security is a detached property outside Exeter in a desirable location and condition.

We were able to provide the client with an 8 month term so that he was able to sell it for market value. We visited the property with the valuer within 48hrs of the formal DIP and managed to complete the case within 10 days from initial illustration.

Quotes from those involved:

Borrower: “I was introduced to Aspen via Gary of Finanta. After an initial telephone conversation with Jack Coombs (Aspen Director) he met with me days later. The offer supported the LTV required of 80% and the funds were made available and the property transaction completed promptly and without fuss.

This was our first transaction with Aspen and we have been greatly impressed by their professionalism and speed at which they work. I work with many funders and I can honestly say that Aspen are among the best to work with.”

If you would like to find out more about how we can help you achieve similar results at these kind of LTVs contact this case’s underwriter:

Jack Coombs

  • Mob: 07540 774 361
  • Email: jackcoombs@aspenbridging.co.uk

Buckinghamshire – Darkwood – 80% LTV

  • Loan to Value (LTV): 80%
  • Gross facility Amount: £976,000
  • Loan Term: 8 months

Our valued introducer Darkwood finance introduced one of his long term clients looking to refinance an existing bridge the client had used to purchase a property. The loan had to be completed within 10 days unless would fall into default interest - so speed was the key.

Our bridge was used to allow further time for a planning permission decision, which would increase the property value. The client had a number of profitable options to exit our bridge be it; development finance, refurb and sell or sell with planning permission as the planning permission will increase the value of the property.

If you would like to find out more about how we can help you achieve similar results at these kind of LTVs contact this case’s underwriter:

Wayne Hicklin

  • Mob: 07712 431 134
  • Email: waynehicklin@aspenbridging.co.uk

South London – Y3S – 77.5% LTV

  • Loan to Value (LTV): 77.5%
  • Gross facility Amount: £1,115,872
  • Loan Term: 6 months

Our valued introducer Alex Vickery from Y3S Bridging & Commercial connected us to a Borrower who had a prime large semi-detached property in south west London - used as a BTL. The client had been looking to sell for a while but due to problematic tenants had not been able to arrange viewings with agents. As such, he was looking to refinance a 1st and 2nd charge mortgage as they were coming to end of term.

The borrower needed to raise capital while the property was on the market so Aspens underwriter Arthur worked with the clients and the clients lawyers to complete the case within 14 working days.

This provided the borrower with breathing room to sell the property on his own terms at market value, whilst raising capital for his business.

Quotes from those involved:

Alex Vickery Y3S – “The client was in a very difficult position that required flexible and speedy service and Aspen Bridging Delivered. Multiple lenders were considered but none of them offered what Aspen did but more importantly they delivered.”

If you would like to find out more about how we can help you achieve similar results at these kind of LTVs contact this case’s underwriter:

Arthur Cole-Fontayn

  • Mob: 07922 577 541
  • Email: arthurcf@aspenbridging.co.uk

Cambridgeshire – 75% LTV

  • Loan to Value (LTV): 75%
  • Gross facility Amount: £637,500
  • Loan Term: 8 months

One of our trusted broker partners connected us with a borrower who had approved planning permission to demolish and build 6 terraced houses in place of his vacant bungalow.

After some initial complications with the first development partner, the client needed to refinance a bridge in order to provide him with more time and find a new contractor.

Quotes from those involved:

Aspen took the plans when creating the offer along with the bungalow and were able to offer 75% LTV. Jack and Wayne worked with the client and the client’s lawyers in order to complete as quickly as possible to avoid default on his previous bridge. The loan was completed within 14 working days over the Christmas period allowing the client time to find a new development partner as well as avoiding default.

If you would like to find out more about how we can help you achieve similar results at these kind of LTVs contact this case’s underwriters:

Wayne Hicklin

  • Mob: 07712 431 134
  • Email: waynehicklin@aspenbridging.co.uk

Jack Coombs

  • Mob: 07540 774 361
  • Email: jackcoombs@aspenbridging.co.uk

REFURBISHMENT

Birmingham – Mortgage Masters – 75% LTV

  • Loan to Value (LTV): 75%
  • Gross facility Amount: £626,500
  • Loan Term: 12 months

Our valued introducer Mortgage masters connected us with an HMO (house in multiple occupation) landlord in the Birmingham University area.

The client was looking to refinance several of his existing properties for so that he could purchase and refurb a new HMO site that had just come on the market. Arthur working with the client provided a funding solution across the 3 properties that allowed the purchase and refurb of the new security in its entirety. Aspen completed this multi property, multiple drawdown (with a schedule that suit the borrower) loan in 15 working days at a very competitive rate.

Quotes from those involved:

The borrower – “I would say if I had to categorise Aspen’s performance it would be; Fast, Friendly, and efficient. I will definitely come back to Aspen whenever I need bridging finance again”

Asim Bashir (MM) – “Aspen is a dynamic vibrant company with an appetite to get the deal done as shown here!”

If you would like to speak to the underwriter that completed this case please contact:

Arthur Cole-Fontayn

  • Mob: 07922 577 541
  • Email: arthurcf@aspenbridging.co.uk

Peak District – Enness – 75%

  • Loan to Value (LTV): 75% plus 100% of works costs in arrears.
  • Gross facility Amount: £281,250
  • Loan Term: 10 months

One of our valued introducers, Enness Bridging, introduced the clients to us who were managing their first development but had a background in building. We discussed the deal thoroughly, to understand how best we could support the borrower in purchasing and converting a disused former BT repeater station into a residential house.

The clients were looking to purchase a site they found in a scenic part of the Peak District outside Buxton. Initially it was thought that the deal was not possible, as another lender had declined the case in legals. However, after a combined analysis from both Enness and Aspen, it was concluded that it was possible to both part fund the purchase as well as provide funding for works in arrears via multiple drawdowns.

Jack worked with Enness and the clients to provide a bespoke solution to suit the uniqueness of the case and ensure the clients were supported throughout the process and the term of the loan.

Quotes from those involved:

The borrowers – “The meeting with Ed from Aspen was a breath of fresh air, and a positive recognition of our project. Although it wasn't straight forward with title complications and no immediate water on site by working together with Jack from Aspen we completed the purchase. Albeit a learning curve we have been guided step by step by Aspen. It has and will be for future projects a pleasure to work with forward thinking people who look outside the normal restrictions.”

Callum Taylor (Enness) – “As a broker I chose Aspen knowing they would deliver as they always do on complex cases such as this. Their can do attitude really made the difference on the Buxton project, where many before had failed to get their heads around it Aspen were all over it in a matter of hours, not days or weeks!”

If you would like to speak to the underwriter that completed this case please contact:

Jack Coombs

  • Mob: 07540 774 361
  • Email: jackcoombs@aspenbridging.co.uk

South London – Crystal SF – 75%

  • Loan to Value (LTV): 75% plus works costs in arrears.
  • Gross facility Amount: £585,000
  • Loan Term: 8 months

Our valued introducers at Crystal Specialist Finance connected us to an experienced borrower with a background as a tradesman with a strong track record of conversions and extensions in south London. We provided the day 1 finance of 75% LTV to refinance the current lending, and then also provided drawdowns directly to contractors to enable the completion of works allowing for successful exit via sale.

Jack worked with Crystal Specialist Finance and the client to understand the vision for the HMO, which was situated near a local hospital which could provide a stable yield from the doctors and nurses as principle tenants underpinning the demand for such a security on the market.

If you would like to speak to the underwriter that completed this case please contact:

Jack Coombs

  • Mob: 07540 774 361
  • Email: jackcoombs@aspenbridging.co.uk

Staffordshire – F4B – 75%

  • Loan to Value (LTV): 75% plus works costs in arrears.
  • Gross facility Amount: £172,500
  • Loan Term: 8 months

Our valued Introducers at Finance 4 Business connected us with a Borrower who has a background in refurbishments and conversions. He had acquired a site with financing and commenced works. Aspen stepped in and looked at build as stood, we advised the borrower on a couple of regulatory issues in order to stay compliant with building regulations. We then also provided funding for the rest of the works in order to take the build through to a finished state whilst also providing enough time for the client to exit onto a BTL mortgage.

Quotes from those involved:

Dave Fathers (F4B) “This was a prime case for Aspen. With speed of the essence, we have an excellent strategic relationship with Jack and his team at Aspen and they produced again to complete this deal.”

Borrower - “I couldn't recommend Aspen more highly. Finance 4 Business put me in touch with Aspen and my experience with them as been very positive and constructive. Aspen have worked alongside our development every step of the way. They are very responsive and I look forward to doing more projects with them in the future.”

If you would like to find out how we could help on a similar case with similar constraints. Contact the case underwriter:

Jack Coombs

  • Mob: 07540 774 361
  • Email: jackcoombs@aspenbridging.co.uk

COMMERCIAL

West Sussex – Capital & Equity – 70%

  • Loan to Value (LTV): 70%
  • Gross facility Amount: £427,000
  • Loan Term: 10 months

Our valued Introducers at Capital & Equity connected us with a high net worth borrower who has a large portfolio of properties including residential and commercial.

The borrower was looking to raise funds on his prime unencumbered commercial unit which had multiple tenants in situ. The client required funds to invest into his business and finish a new development, which he was building in the local area. Wayne worked with the client and his lawyers and managed to complete the case in 10 days, so as not to cause a disruption in the client’s development schedule.

If you would like to find out how we could help on a similar case with similar LTVs. Contact the case underwriter:

Wayne Hicklin

  • Mob: 07712 431 134
  • Email: waynehicklin@aspenbridging.co.uk

Northampton – F4B – 65%

  • Loan to Value (LTV): 65%
  • Gross facility Amount: £650,000
  • Loan Term: 8 months

Our valued introducers at Finance 4 Business connected us with a very experienced property developer who had a Commercial security with planning, and adjacent land with planning. The borrower was using private finance and had over stretched himself, he needed to refinance in order to buy him some time to find a viable exit to realise the sites value. Although the commercial unit was vacant it was a quality a quality structure with excellent planning. After formal DIP was issued we were on site the next day with a valuer in order to waste as little time as possible. Due to this speed the borrower successfully used the term of our loan to achieve further enhanced planning and securing a development finance partner allowing him to realise the full value of the sites he owned.

If you would like to find out more about how we can help you achieve similar results at these kind of LTVs contact this case’s underwriter:

Jack Coombs

  • Mob: 07540 774 361
  • Email: jackcoombs@aspenbridging.co.uk

SPEED

Isle of Wight – 75%

  • Loan to Value (LTV): 59%
  • Gross Loan Amount: £590,773
  • Loan Term: 8 months

One of our valued introducers, connected us with a client that was purchasing a holiday let in a trust structure of which the ultimate beneficiary resides in New Zealand. The sale via which the client was raising funds had dragged on, thus he had been put under notice to complete in the next three days (by the end of his completion period).

Aspen took the time to understand the trust rules, structure, and ultimate beneficiary in order to head off any potential issues right at the point of formal DIP. This allowed us to instruct our lawyers and a valuer to be on site within 12 hours of the DIP being issued. An Aspen underwriter also attended. We then were able to get the valuation back within 24 hours while concurrently working through any and all legal requisitions, this allowed Aspen to complete a bridge from initial enquiry to completion of the case in 3 days.

Quotes from those involved:

Borrower Quote: “Obviously I’m delighted to complete, and impressed with how incredibly quickly Aspen agreed and provided funds. However, my real amazement is for Aspen. Quite genuinely, I can’t think when I have ever dealt with people who have been so pragmatic, knowledgeable about their work, passionate about their work, but most of all forward thinking to spot potential problems and then work around them to a successful conclusion. Communication throughout has been excellent & coordinated. Aspen’s approach to all of the obstacles that cropped up was flexible and pragmatic. It’s been a pleasure dealing with such a professional team.”

If you would like to find out more about how we can help you achieve similar results at these kind of LTVs contact this case’s underwriter:

Jack Coombs

  • Mob: 07540 774 361
  • Email: jackcoombs@aspenbridging.co.uk

Buckinghamshire – Enness – 75%

  • Loan to Value (LTV): 75%
  • Gross facility Amount: £319,000
  • Loan Term: 6 months

One of our valued introducers Enness Bridging, introduced an experience landlord with experience in high end property development looking to refinance. Working with Enness we discussed the deal thoroughly, to understand which of our products would be best suited the clients needs.

The client was looking to repay a first charge on the property as well as get the maximum left over cash to help pay off an existing bridge on another property. The property was valued within 24hrs of the Formal DIP being issued. Arthur the case manager took views on potential legal issues, to ensure that the case could be completed within the tight time frame of 5 days.

Quotes from those involved:

Callum at Enness: “I chose Aspen for this case knowing they would deliver on the tight timescales the client was working with. They were efficient and effective at every turn. They were on site with a valuer within 24hrs of instruction, and always on hand to update myself and the client on the case. They provided my client with peace of mind in an otherwise stressful time.

I would highly recommend Aspen to anyone thinking of doing business with them. Their standard service is a level above what I have come to expect from lenders I have worked with.”

If you would like to find out more about how we can help you achieve similar results at these kind of LTVs contact this case’s underwriter:

Arthur Cole-Fontayn

  • Mob: 07922 577 541
  • Email: arthurcf@aspenbridging.co.uk

Ealing – ECS – 75%

  • Loan to Value (LTV): 75%
  • Gross facility Amount: £693,750
  • Loan Term: 10 months

Our valued introducer ECS connected us with an experienced professional landlord and international entrepreneur. The client needed a bridge on a BTL mortgage due to a difficult tenant falling behind on rent and thus the ability to pay the BTL mortgage.

Aspen stepped in to fund the refinance while the client put it on the market as well as to raise capital for the Borrowers business. Arthur working closely with ECS and the client managed to achieve a 7 day turnaround from formal DIP to completion.

Quotes from those involved:

Ian Battersby, MD, ECS – “Aspen and Arthur were impressive from the start, they delivered what was promised and completed without any issues. All in all Aspen are a lot faster and more can-do than any other lenders I have dealt with.”

If you would like to find out more about how we can help you achieve similar results at these kind of LTVs contact this case’s underwriter:

Arthur Cole-Fontayn

  • Mob: 07922 577 541
  • Email: arthurcf@aspenbridging.co.uk

SPECIALIST

Northampton – F4B – 40%

  • Loan to Value (LTV): 55%
  • Gross facility Amount: £290,071
  • Loan Term: 10 months

A previous borrower recommended us to a large developer who had previously experienced our process and ability to be a reliable finance partner. We created a bespoke quote specific for the client’s needs where he required funds in order to demolish part of a site and prepare it for development. We managed to achieve completion within 10 days from formal DIP allowing him to waste as little time from planning approval to breaking ground.

If you would like to find out more about how we can help you achieve similar results at these kind of LTVs contact this case’s underwriters:

Ed Ahrens

  • Mob: 07889 100 015
  • Email: edahrens@aspenbridging.co.uk

Northampton – F4B – 50%

  • Loan to Value (LTV): 50%
  • Gross facility Amount: £199,317
  • Loan Term: 6 months

A previous client and experienced property developer requested the same bespoke product for another one of his development site preparations. Once again we completed this in a similar timeframe, taking a common sense approach to legal issues to ensure that the client received the funds in time.

If you would like to find out more about how we can help you achieve similar results at these kind of LTVs contact this case’s underwriters:

Ed Ahrens

  • Mob: 07889 100 015
  • Email: edahrens@aspenbridging.co.uk

Hampshire – LH Financial – 65%

  • Loan to Value (LTV): 65%
  • Gross facility Amount: £130,000
  • Loan Term: 10 months

Our valued introducer LH Financial connected us with a Borrower who is an experienced property landlord. The client has specialises in flats with short leases, buying then extending leases. Ed worked with the borrower to understand his business model and ensure that we could provide funding for purchase with this short lease property for him to then fund lease extensions and then exit onto BTL mortgages.

If you would like to find out more about how we can help you achieve similar results at these kind of LTVs contact this case’s underwriters:

Ed Ahrens

  • Mob: 07889 100 015
  • Email: edahrens@aspenbridging.co.uk

Northamptonshire – F4B – 65%

  • Loan to Value (LTV): 65%
  • Gross facility Amount: £550,000
  • Loan Term: 12 months

Our valued introducers at Finance 4 Business connected us with a client who has no experience with hotels and was looking to purchase an active hotel from official receivers. The client was looking for further drawdowns to refurbish the premises with exit onto commercial occupier mortgage once the trading history was sufficient and refurb complete.

Speed was key on this case as there were other interested parties looking to purchase this property. Wayne went to the property and had a meeting with the client, valuer and local planning office to iron out any potential delays so that we could look to complete the case within 12 days.

If you would like to find out more about how we can help you achieve similar results at these kind of LTVs contact this case’s underwriters:

Wayne Hicklin

  • Mob: 07712 431 134
  • Email: waynehicklin@aspenbridging.co.uk