Aspen reduces rate to 0.54% in Christmas promotion

24 November 2020

Aspen Bridging has announced a special Christmas rate reduction, offering 0.54% on all deals completed between today (November 24) and December 24.

The offer represents an 8.5% drop on the current initial rate of 0.59%, and is available up to £3m net and 75% LTV on their 10-month stepped rate product.

In addition the lender is offering a surprise present for every broker who completes a deal by Christmas Eve.

“There’s no doubting it’s been a challenging year in the finance sector, so we’re looking to end 2020 on a high with a little Christmas cheer,” said Jack Coombs, Director at Aspen Bridging. “And with our Time Based Service Excellence promise there’s still plenty of time to get deals over the line.”

The lender aims to take the majority of applications from enquiry to completion in just three to 10 days, and will be utilising their integrated legal representation and video signature processes with desktop valuations where appropriate to ensure rapid drawdowns.

Aspen’s Stepped Rate Product covers residential and light refurbishment, residential and medium refurbishment, HMOs, prime semi-commercial and prime commercial property.

The equity-funded lender offers full remote capacity and same day pay-out facilities.