Aspen Bridging launches 0.65% pcm spring bridging offer



Specialist bridging lender, Aspen Bridging has slashed its rates by over 20% for the duration of Spring.

The move is driven by the firm, which launched recently in 2017, and is looking to expand its book further throughout this year and demonstrate its capability to deliver to a wider audience.

Aspen Bridging is aiming to widen its scope and attract business in the lower LTV market as well as more customers within its existing high LTV focus. Aspens lowest rates have fallen significantly from 0.85% to 0.65% pcm, it is expected that this dramatic change will result in a significant up-lift in volumes.

Aspen Bridging will be offering the new low rates (ranging from 0.65%-0.75%) across all existing product ranges including its 80% LTV product, refurbishment (including heavy) and commercial product range.

At the same time, Aspen Bridging is also launching a new CRM tool made entirely in-house to enable it to handle the anticipated surge and is looking forward to using it to maintain the high standards and customer focused approach brokers have come to expect.

This offer is available to both new and existing introducers and will initially run until the end of Spring.

Aspen are avoiding giving a definite date for the end of the offer and instead are content for borrowers and brokers alike to ponder the question – how long is a piece of Spring?……

Having recently completed a three day bridging loan from enquiry to completion, Aspen has also moved to achieve a rapid turn-around on valuations by creating market leading new SLA’s with its valuation partners.

Ed Ahrens, Managing Director at Aspen said:

“At Aspen our focus is fundamentally on service, we aim to be able to provide the fastest and most reliable turnarounds in the industry. We are now looking to complement this with market-leading rates.”

Jack Coombs, Director at Aspen, added:

“We just love rapid bridging and we want to do more with these new rates. Our message to brokers out there looking for a reliable lender is to look at the cases we have actually completed in record time. We do what we say on the tin so bring us your cases and you won’t be disappointed!”