Aspen Bridging completes bridging loan in five days

By Bridging Loan Directory 27th January 2025

Aspen Bridging’s in-house monitoring team undertook a 200 mile round trip on the day of initial enquiry to ensure completion of a £455,000 bridging loan in just five days.

With the foreign national urgently needing funds to meet the developer’s purchase deadline on a newbuild four-bedroom house in Wokingham, Berkshire the lender proposed their no valuation product and utilised its Docusign process for speed.

The deal was completed at 70% LTV on Aspen’s Flat Rate at 0.89% over 10 months. Exit will be achieved through a buy-to-let mortgage.

In line with Aspen’s one-person-per-case customer service philosophy the deal was taken from start to finish by underwriter, Daniel Tame.

Ian Miller-Hawes, Sales Director at Aspen Bridging, said:

“This is yet another application where we have proven we will go above and beyond for our clients to meet their financial requirements.

Each of our products are designed to perfectly address real-world lending scenarios and this is no different.

Thanks to our growing reputation for good business in the foreign national space it is clear to see why we are witnessing a marked increase in applications from overseas investors, particularly having recently released aggressive rates that brokers have really embraced.”