"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."
Aspen Bridging has revamped its 2021 offering with its stepped rate cut to 0.44%, its flat rate reduced to 0.74%, and the launch of 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.
The new rapid desktop valuation product allows cases to be completed in as little as 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.
Aspen has also launched a new broker-focused website, which features interactive application portals designed to simplify and accelerate the application process.
Jack Coombs, 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.”