ASG Finance launches new bridging loan product

By Bridging Loan Directory 18th November 2024

ASG Finance has announced significant rate reductions across its product range, introducing a new short-term bridging loan with rates from 0.6%.

This offering is designed to support property investors, developers, and business owners in need of flexible, short-term financing options.

Ideal for those looking to acquire, refurbish, or expand commercial properties, ASG’s updated range provides highly competitive solutions tailored to diverse sectors, including residential BTL, commercial, semi-commercial, hospitality, leisure, warehousing, medical, aviation, petrol stations, education, charities, office spaces, industrial, religious centres, and farms.

The new 0.6% starting interest rate applies to ASG’s “stepper” product, which offers additional cost savings if the loan is repaid within the first six months.

Additionally, for clients requiring a full 12-month bridging loan, ASG has reduced its rate to 1.1%, down from the previous 1.25%.

With lending facilities available from £500,000 to £7,000,000, ASG Finance supports projects across England, Scotland, and Wales, offering up to 70% loan-to-value (LTV) and lending against the open market value.

This product range is ideally suited to those needing quick access to funding for projects across a variety of property types and sectors.

Jaxon Stevens, Relationship Director at ASG Finance, commented:

“We are delighted to introduce these new rates, especially the 0.6% stepper product, which offers significant savings for clients who can repay within six months.

These products are tailored for investors, developers, and business owners who need swift, cost-effective finance solutions to act on new opportunities in the commercial property market.

With our updated range, we’re reinforcing our commitment to affordability and flexibility for clients across the UK.”