BRIDGE TO LET

WHY & WHEN

Our flexible product offers terms from 18m’s to 2 years with half the term retained followed by a cheaper serviced period to empower borrowers seeking unrushed development exits, heavy to medium works cases or foreign national purchases with the full flexibility to either refinance onto the best BTL rates or sell.

BRIDGE RATES
PRODUCT LTV RATES
Dev Exit & Refurb 80% 0.79%
Residential 75% 0.74%
70% 0.69%
Light Development 75% 0.79%
65% 0.74%
HMO 75% 0.79%
Rates reduced on loans over £2m
Drawdowns available up to 100% of works
BTL RATES
PRODUCT Max LTV Pay Rate* Rate
Residental & Development exit 75% 4.49% 5.24%
HMO & Standard 75% 4.74% 5.49%
* 0.75% is deferred
BTL FEES
Product transfer fee 1.00% Deferred to redemption
(Inc 0.25% proc) Paid by Aspen on BTL day 1
ERC Applied Other Months Final month
Sale exit BTL 1.00% 0.00%
Refi exit 18m term Bridge & BTL 1.00% 0.00%
Refi exit 24m term Bridge & BTL 1.50% 0.00%

HOW IT WORKS

Step 1

Register as an introducer HERE.

Step 2

Send an enquiry to enquiries@aspenbridging.co.uk or call an underwriter on their mobile directly (c.30 mins) or use the portal to generate a quote yourself (instant).

Quotes will include integrated legals contact and fees - this is a specialist borrower solicitor service integrated with our lenders solicitors' firm to maximise speed whilst offering independent advice.

Step 3

Submit the preferred option on our online portal with basic info on customers, the security and the solicitors.

You will be notified which underwriter your case is assigned to and within 3 hours you will receive a DIP post credit and land reg searches which will include case-tailored forms.

Step 4

Return the 1-page Authorisation Form and we will instruct the lawyers and valuers within 1 hour of receipt. Clients will need to put solicitors in funds for undertakings and pay valuers directly.

Step 5

We will share reqs list information with you every step of the way and work to help you and your client through to completion.

Step 6

Aspen releases funds for completion and pays introducers within hours of completion.

PRODUCT TYPES

RESIDENTIAL & DEV EXIT

Our residential product supports purchases and capital raising at up to 75% LTV and our development exit provides sales bridges at up to 80% LTV.

NO
VALUATION

This unique product enables genuinely urgent transactions at up to 70% LTV at initial quote stage and is guaranteed in under 10 (and can be as fast as 2) working days.

LIGHT
DEVELOPMENTS

This specialist product covers conversion schemes, Finish & Exits, structural works and extensions all at up to 75% LTV plus 100% cost of works.

REFURBISHMENT

This product covers light & medium refurbishments at up to 80% LTV with 100% costs in arrears.

HMO's

Our specialist HMO product supports purchases, refinancing and capital raising on licensed HMO's at up to 75% LTV.

COMMERCIAL &
SEMI-COMMERCIAL

Our commercial offering covers prime commercial and semi-commercial properties within the new class E and B8 categories at up to 70% LTV.