Aspen Bridging joins Connect for Intermediaries bridging loan panel
Aspen Bridging has been appointed to Connect for Intermediaries bridging loan panel with immediate effect.
Under the agreement the network, a recognised expert in specialist finance, will package its members’ requests before being sent onto the lender to deal directly with the broker and applicant.
The structure will ensure that Aspen can strive to meet its time-based service excellence targets which aim to take the majority of applications from enquiry to completion in just three to 10 days.
Connect for Intermediaries’ members have immediate access to the lender’s new 2020 rate card, which introduced flat rate products without exit fees.
The company now offers Prime & Development Exit and Standard & Finish & Exit across residential, commercial and mixed development applications. Flat rates are offered at 0.89% at 80% LTV, 0.84% at 75% LTV and 0.79% at 70% LTV.
Loans are available from £200k to £4m in hand with terms running from 6-18 months. Foreign nationals and companies are welcome.
The starting interest rate of its Stepped Rate Product stands at 0.44% with low rate terms running from three to six months.
Jack Coombs, pictured, Director at Aspen Bridging said:
“Connect for Intermediaries is a network synonymous with outstanding service and support for brokers, an ethos that mirrors our own. We will work closely to further educate intermediaries on the bridging loan sector, and to complete cases quickly and efficiently.”
Liz Syms, CEO at Connect Mortgages said:
“We have seen a rise in demand for bridging loans via our ARs, our packager distribution and our own advisers, so we are actively seeking to increase the choice of lenders available to them. Therefore I am pleased to welcome Aspen Bridging to our panel as one of over 130 lenders we currently work with.”