Aspen Bridging has recently completed a five-day refurbishment bridge, with each element of the process being logged to the minute.
The application involved a borrower who was refinancing to a term product which was ultimately withdrawn at a late stage, and to avoid receivership the lender completed a £520,000 facility at 75% LTV in five working days.
The case was submitted for illustration online and submitted by the broker on Aspen’s portal ‘Broker View’ at 09:39 on Friday 22 March, with the completion e-mail received at 16:39 and the broker’s invoice received and paid by 16:57 on Thursday 28 March.
Jack Coombs (pictured), director at Aspen Bridging, said: “This case study demonstrates everything we do well, to the minute. All cases are very closely monitored so we can constantly progress each application in the quickest possible time, all while taking on the majority of the workload to simplify the process.”
Steve Sanderson, commercial and bridging specialist at Clever Lending, said: “It was great to have our first completion with Aspen Bridging come through so fast, with a great service from Harry Baker as the Aspen case manager.”