Aspen cuts rates and launches no-valuation product

Aspen Bridging has introduced its ‘lend a hand’ rates offer, reducing its flat rate for all deals up to 70% LTV for prime residential purchase and refinance applications received in September to 0.64%.

Along with its 75% LTV offering, applications are open to a maximum loan size of £10m, with terms running from 10-18 months.

In addition, the lender has introduced a no-valuation residential bridging product, which is available up to 70% LTV for loans between £400,000 and £1.5m, with rates from 0.74% and offering completions within a maximum 10 working days.

Applications are open to UK and overseas borrowers, either individuals or corporates, for properties across England and Wales.

Jack Coombs, director at Aspen Bridging (pictured above), said: “September is traditionally one of our busiest months, and the ‘lend a hand’ rates offer supported by our product and service proposition is designed to help property professionals as stamp duty fully returns.

“This is also the perfect time to launch our new no-valuation product, which continues our focus on meeting borrowers’ needs for faster completion times.”

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