A SPECIALIST LENDER EXCLUSIVELY PROVIDING EFFICIENT BRIDGING FINANCE

Winter Special Offer - Reduced Rates on All Products!

WHAT ASPEN OFFERS YOUR CLIENTS.

RATES & PRODUCTS

OVERALL OFFERING:
Types of loans offered Unregulated bridging loans
Draw-down loans? Yes - all charges per draw-down not on facility
Area covered England and Wales
Security types 1st charge (2nd charges only with a Aspen 1st)
Property types Commercial and residential
Max LTV 80% LTV residential and 70% commercial
Minimum loan £100k (£50k for a second property)
Maximum loan £1m net (£1.5m net for portfolios)
Borrower type Employee, Sole trader, LLP, Partnership & Ltd
Borrower residency UK residents and UK corporates only
Our turn around 8 working days residential and 12 commercial
Valuation basis OMV 180 day residential & VP 90 commercial
Introducer commission 1.5% (paid from arrangement fee)
OUR PRODUCT TERMS:
Reduced initial interest rate per month 0.49% - 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)

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 no regs/planning) or 1st charge - refurb (heavy inc. regs/planning).
  • 1st charge - commercial property.

EXAMPLE LOAN PURPOSES:

  • To help complete the purchase of an auction property
  • To help purchase and refurbish a property
  • To refurbish a property
  • To purchase a property as an investment or to add a property to a buy to let portfolio
  • To buy and sell a property where this can be done for a profit
  • 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

OUR RATES AND PRODUCTS – DOWNLOADABLE PDF
ADDITIONAL FEE TABLES – DOWNLOADABLE PDF
OUR TERMS AND CONDITIONS – DOWNLOADABLE PDF
OUR TERMS OF BUSINESS – DOWNLOADABLE PDF


OFFERING AWARD WINNING LENDING