"What was launched as a winter promotion has proven to be a major factor in increased completions and higher enquiry numbers against targets."
Aspen Bridging is adopting its promotional ‘winter offer’ as its main ongoing product card.
The move means rates from 0.49% to 0.59% will continue across all residential bridging product ranges including 80% LTV, heavy refurb and second charges.
The range complements an existing 80% LTV residential product and an enhanced higher commercial LTV of 72.5%.
In addition, the firm will continue to welcome increased loan sizes up to £1m net on a single asset and up to £1.5m net for portfolio customers with acceptable credit.
Ed Ahrens, managing director at Aspen Bridging, said: “What was launched as a winter promotion has proven to be a major factor in increased completions and higher enquiry numbers against targets.”
Jack Coombs, director at Aspen, added: “We will continue to evaluate these to stay ahead of the curve. The business always seeks to be competitive and naturally reduced rates, increased loan sizes and upped commercial LTVs are all part of that critical mix."