Aspen Bridging partners with distributor after recent launch

The principal lender’s range of unregulated bridging loans are now available via both Crystal and Finance 4 Business, which it has been partnered with since launching in February.

Ed Ahrens, managing director at Aspen (pictured above), said: “We at Aspen are very excited to be announcing our partnership with Crystal SF in addition to that with Finance 4 Business and we have already begun working closely with their team.

“We are also focusing on the traditional values of bridging, such as real speed and flexibility, while combining this with 21^st-century quoting technology to offer our partners a great experience for both the customer and IFAs.

“The group strategy has always been to establish long-term relationships with key partners and we will always provide our partners a guaranteed appetite for business and great service regardless of the economic climate.”

Aspen offers residential and commercial loans of between £80,000 and £1m across England and Wales with its product range including investment property purchase and refurbishment.

The Solihull-based lender has received strong demand for its low rate products of between 0.85% and 0.9% since their launch at the beginning of March.

Finance 4 Business also reported particularly strong interest in Aspen’s 80% LTV offering and refurbishment products.

Commenting on the recent partnership, Jo Breeden, managing director at Crystal, said: “We are very pleased to be working with Aspen Bridging.

“Having the ability to discuss a deal in person and produce instant terms that can be relied on is a key factor in bridging, and the service we are seeing from the team at Aspen has been excellent and ties in with our own service standards at Crystal.”

Russell Martin, managing director at Finance 4 Business, added: “We worked closely with Ed, Jack [Coombs, director at Aspen] and the team prior to their launch and it was pleasing to see them take our comments on board.

“We have been very impressed with the efficiency of their online portal, which delivers rapid decisions with a clear indication of what they will consider lending.

“Business has got off to a very good start with them and we look forward to developing the relationship further over the coming months.”

What are Aspen's USPs?

• Regularly offering up to 80% LTV
• 0.85-0.90% per month across all products and LTVs
• LTVs based on value, not purchase price
• Drawdowns available with all fees charged per drawdown not on overall facility
• Full quote in minutes from a simple quoting tool
• Accurate sourcing system with quotes that include taxes and disbursements
• Two-month extension over max LTV with no fee
• Eight working day completions for residential and 12 for commercial.

Full details of Aspen’s new offering can be found on their website.

Earlier this month, Aspen became one of the newest members of the Association of Short Term Lenders.

The firm is a wholly owned subsidiary of S&U PLC, which also offers both consumer credit and motor finance.

The group serves over 500,000 UK customers in the non-prime auto finance sector.