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WHAT ASPEN OFFERS YOUR CLIENTS.

Reliably Specialist Lending…

RATES & PRODUCTS - PDF Product Card

Light Development - Product Guide

OVERALL OFFERING:
Types of loans offered Bridging & Light Development
Draw-down loans? Yes - all charges per draw-down not on facility
Area covered England and Wales
Security types 1st charge
Property types Resi, HMO's, Prime Semi Comm & Commercial
Acceptable Commercial Prime – E & B8
Max LTV 75% LTV Residential and 70% commercial
Minimum loan £200k net
Maximum loan £10m net
Borrower type Employee, Sole trader, LLP, Partnership & Ltd
Borrower residency Foreign and UK accepted
Our turn around Sub 10 working days
Valuation basis OMV 180 day Resi & Mixed & VP 90 Commercial
Introducer commission 1-2% (dependent on volume)
OUR PRODUCT TERMS:
Interest rates From 0.59% (see PDF)
Interest method Retained
Loan term 6-18 months
Early redemption charge? None
Interest rebate on early repayment? Yes (subject to 3 months minimum)
Exit fee? 1 months interest
Potential extension of concessionary rate? Yes (discretionary - 2 months maximum)
Extension of term on same rate as last month's? Yes - 2 months over max LTV interest rolled
Arrangement fee 2.00%
ADDITIONAL FEES:
Valuation fee (charged at cost – paid direct) By estimated property value
Legal fees (charged at cost – retained) See PDF
Title insurance & processing fee (retained) See PDF (subject to receipt of the loan)
Admin fee (retained) £375 (subject to receipt of the loan)

ADDITIONAL FEE TABLES – DOWNLOADABLE PDF
OUR TERMS AND CONDITIONS – DOWNLOADABLE PDF
PRIVACY STATEMENT – DOWNLOADABLE PDF
OUR TERMS OF BUSINESS – DOWNLOADABLE PDF

LOAN TYPES OFFERED (ALL UNREGULATED):

  • 1st charge - investment property, purchase.
  • 1st charge - investment property, refinance.
  • 1st charge – investment property, lease extension.
  • 2nd charge - investment property (subject to our having a 1st charge).
  • 1st charge - refurb (light, heavy, medium).
  • 1st charge - commercial or mixed use property.

EXAMPLE LOAN PURPOSES:

  • To exit a development loan
  • To help purchase and refurbish a property
  • To help complete the purchase of an auction property
  • To purchase a property to add a property to a buy to let portfolio
  • To help fund an urgent liability such as a tax bill
  • To provide funds needed for a business or investment purposes
  • To help purchase a lease extension

OFFERING AWARD WINNING LENDING