Aspen boosts underwriting team with two more graduate hires

09 May 2022

Aspen Bridging has appointed Richard Tweddle and Sinead McMurray as Underwriters through its ever-growing Graduate Recruitment Scheme.

The lender, which has 22 members of staff, has seen eight join through the programme since the business was launched in 2017. It is planning to recruit a further three before the end of the year.

Richard joins having completed his BA (Hons) in Financial Management at the University of Portsmouth and possesses first-hand customer-side experience of the commercial market having renovated and let a number of auction purchases.

Sinead too has finished her BSc in Business Economics at Coventry University and is full-time.

In line with the Graduate Recruitment Scheme programme both are already gaining immediate experience by supporting the underwriting team as well as managing their own caseloads under supervision.

Jack Coombs, Director at Aspen said: “We recorded our strongest first calendar quarter performance to date whereby we completed a record 59 loan advances totalling £40m, and we expect the second quarter to also break company records.

“To meet the increasing workload and maintain our best-in-class customer service targets we need to continue appointing, and the Graduate Recruitment Scheme has been hugely successful in bringing in driven people who we educate through our own comprehensive internal training programmes.

“We are excited to welcome both Richard and Sinead at the outset of their careers in the bridging sector.”

Aspen’s 2022 rates and product card features a new Development Exit & Refurbishment product with up to 80% LTV for experienced developers with clean credit. Across its range Flat Rate products start from 0.64% per month and Stepped Rates from 0.39% per month.

Aspen also entered the Bridge-To-Let market with an innovative product designed to offer wider use flexibility and lower ERC’s than existing Bridge-To-Let or hybrid offerings. It is available up to 80% LTV with bridge rates starting at 0.64% pm and BTL rates of 4.49% pa.

Applications are open to UK and overseas borrowers, either individuals or corporates, for properties across England and Wales.