FIVE STARS EQUALS FIVE DEALS WITH ASPEN

04 June 2024

Aspen Bridging’s five-star service has been highlighted by a developer who has completed five separate deals in less than 12 months at a total loan value of £2.1m.

The returning serial developer, who operates in the West London area, specialises in buying and refurbishing properties which are split into HMOs and sold onto the local housing associations.

The latest deal, a £500k Refurbishment bridge at 80% LTV in Hayes, West London, is for a 920 sq ft three-bedroom semi-detached house which is being converted into a four-bedroom HMO under permitted development.

All deals were completed on the lender’s Stepped Rate, the cheapest starting at 0.49% per month, over 10 and 12 month terms. The overall value of the properties equals £3m.

In-line with the lender’s one-person per-case Customer Service Commitment the deal was taken from start-to-finish by Senior Credit Analyst, Sinead McMurray.

Jack Coombs, Managing Director at Aspen Bridging, said: “A returning customer is proof that they appreciated your service, honesty and commitment to securing the right deal at the right time, so to have a developer trust us five times in one year speaks massive volumes.

“Since the business was founded we have placed our award-winning, five-star service at the heart of everything we do, and our one-person per-case philosophy is still largely unique in the sector.”

Aspen Bridging’s Rates & Product Card has Flat Rates, across all product types including heavy works, available at 0.89% plus one month’s exit at 80% LTV as well as 0.85% at 75% LTV and 0.85% at 65% LTV.

Stepped Rates start from 0.49% per month for the first six months across all product types and are available up to 80% LTV.

Bridging loan sizes are available up to £10m net for UK and overseas borrowers, both individuals and corporate businesses, for properties across England and Wales.