Jack Coombs

Aspen cuts rates for Christmas

Aspen Bridging has announced it is lowering its rate during the Christmas period.

The lender is offering a 0.54% rate on all deals completed between today (24th November) and 24th December.

This is a reduction from the current initial rate of 0.59%, and is available for loans up to £3m net and 75% LTV on its 10-month stepped-rate product.

In addition, the lender is offering a surprise present for every broker who completes a deal by Christmas Eve.

Jack Coombs, director at Aspen (pictured above), said: “There’s no doubt it’s been a challenging year in the finance sector, so we’re looking to end 2020 on a high with a little Christmas cheer.”

The lender aims to take the majority of applications from enquiry to completion in three to 10 days, and will be using its integrated legal representation and video signature processes with desktop valuations, where appropriate, to ensure rapid drawdowns.

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