Aspen has reduced rates across all products, increased loan sizes, and upped commercial LTVs as part of its new Winter Offer.
The move is driven by the firm, which recently announced enhanced funding, looking to expand its book further and to deliver its products to a wider audience.
Aspen will be offering the new low rates, ranging from 0.49% to 0.59%, across all residential bridging product ranges including its 80% LTV and heavy refurb products.
Aspen is also complementing its existing 80% LTV residential product by offering newly enhanced higher commercial LTV of 72.5% on all commercial products.
In addition, the firm is increasing its loan sizes from £1m net to include £1.5m net for portfolio customers with acceptable credit.
This enhanced offering is available to both new and existing introducers alike.
2018 has been a significant year for Aspen. The firm has moved into larger offices, grown the team from 5 to 13 staff and won Product of the Year at the B&C Awards in June.
Following these new product changes, the firm is looking to propel itself forward into 2019. In preparation for this growth, the firm has also announced several staff promotions, including Wayne Hicklin as Head of Underwriting and Harry Baker and Arthur Cole Fontayn as Senior underwriters.
“At Aspen our focus is fundamentally on service and our enhanced team is able to provide the fastest and most reliable turnarounds in the industry. We have also complemented this with market-leading rates,” said Ed Ahrens, Managing Director at Aspen.
Jack Coombs, pictured, Director at Aspen, added:
“Our message to brokers out there looking for a reliable lender is simple: Look at the cases we have recently completed in record time. You and your clients will not be disappointed!”