Key Product Information
Key Criteria
Rates
Stepped Rate (all LTVs): |
|
Initial Rate |
0.65% |
Initial Term |
6 m |
Total Term |
12 m |
Secondary rate |
1.29% |
Exit fee |
1 month's interest |
Flat Rates (from): |
|
75% LTV (new build purchase only) |
0.94% |
70% LTV |
0.94% |
Max LTV |
75% LTV (New build purchase), 70% LTV Resi, 65% LTV Semi-comm |
Assessment basis |
OMV 180 day |
Uses |
Urgent transactions either refinance or purchase or capital raise for another transaction |
Properties |
Residential investment, commercial & mixed |
Areas |
England & Wales |
Security |
1st charge |
Sizes |
£200k - £3m net |
Terms |
12-18 months |
Integrated Legals |
Available - 2 firms 1 process |
Turn-around |
2-10 working days |
Borrower type |
Individual & Corporate |
Borrower residency |
UK & Foreign |
Interest basis |
Retained |
Customers |
Clean credit & non-PEP's |
How it Works
Register as an introducer
Register HereSend an enquiry to enquiries@aspenbridging.co.uk or call an underwriter directly or use the portal to generate an instant quote yourself.
Quotes will include integrated legal fees to maximise speed & transparency.
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.
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.
We will share reqs list information with you every step of the way and work to help you and your client through to completion.
Aspen releases funds for completion and pays introducers within hours.
Aspen will provide draw-downs in arrears of works in support of the project up to 100% of the cost of works.
This will either be done via a building surveyor or Aspen team member re-visit depending on level of works (or without a revisit based on build control or warranty sign-off) with turn arounds as fast as 48 hours.
We pride ourselves only supporting cases which we will see through to the end and are yet to leave a property unfinished.
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Latest News
Aspen Bridging is a trading style of Aspen Bridging Limited, registered in England and Wales under number 10270026