Aspen Bridging has reduced its stepped rate to 0.44%, its flat rate to 0.74% and launched a new Rapid Desktop Valuation bridging product.
The new rates, which are down from 0.49% and 0.84% respectively, are immediately available across all products up to a maximum loan size of £5m net and 75% LTV across 6-18 months.
With the new Rapid Desktop Valuation bridge, cases can be completed from two working days and are guaranteed within 10 working days. It offers up to 65% LTV at initial quote stage which can potentially increase thereafter.
To meet the timescale the quotes will include integrated legals contact and fees, a specialist borrower solicitor service integrated with the lenders own legal firm to maximise speed whilst offering independent advice. Borrowers can still opt to use their own representation if desired.
Jack Coombs (pictured), director at Aspen Bridging, said: “We always strive to be competitive and creative which is why the new rates, and the introduction of Rapid Desktop Valuation and the recently launched light development bridge, puts us in a fantastic position to break all of our lending records in 2021.
“We are a lender that is keen to offer clients a best-in-class service and we keep our rates and products flexible.”