Aspen Bridging completes £7.8m bridging loan for super-prime property in Kensington

By Bridging Loan Directory 20th November 2024

Aspen Bridging has again proven its ability to provide immediate finance for high net worth individuals with a £7,825,000 residential purchase bridging loan on a super-prime property in Kensington, London.

The Nigerian national required the funds in six weeks to secure a luxury four-bedroom apartment in Lancer Square, a world-class collection of 36 apartments and penthouses immediately behind the illustrious Kensington Palace Gardens and just off Hyde Park.

The lender utilised their bespoke remote signing and witnessing agreements for international clients to ensure the funds were available on the exact day required.

The deal was completed at 72% LTV on Aspen’s stepped rate starting at 0.59% over 10 months. Exit will be realised through a buy-to-let mortgage.

In line with the lender’s one-person per-case customer service commitment, the application was taken from start to finish by Head of Underwriting, Saif Khalique.

Saif said:

“This year we have completed bridging loans on several super-prime properties in Kensington and surrounding areas for both British and foreign nationals.

We have built a strong reputation for delivering on large ticket-sized loans where reliability pays and for being able to move quickly and seamlessly to meet the demands of high net worth individuals looking to seize new and pressing opportunities to grow their portfolios.”