ASG Finance announces rate reductions and launches new short-term bridging loan product, with rates from 0.6%
18 November 2024
ASG Finance has announced significant rate reductions across its product range, introducing a new short-term bridging loan with rates from 0.6%.
This offering is designed to support property investors, developers, and business owners in need of flexible, short-term financing options. Ideal for those looking to acquire, refurbish, or expand commercial properties, ASG’s updated range provides highly competitive solutions tailored to diverse sectors, including residential BTL, commercial, semi-commercial, hospitality, leisure, warehousing, medical, aviation, petrol stations, education, charities, office spaces, industrial, religious centres, and farms.
The new 0.6% starting rate applies to ASG’s “stepper” product, which offers additional cost savings if the loan is repaid within the first six months.
Additionally, for clients requiring a full 12-month bridge, ASG has reduced its rate to 1.1%, down from the previous 1.25%.
With lending facilities available from £500,000 to £7,000,000, ASG Finance supports projects across England, Scotland, and Wales, offering up to 70% loan-to-value (LTV) and lending against the open market value. This product range is ideally suited to those needing quick access to funding for projects across a variety of property types and sectors.
Jaxon Stevens, Relationship Director at ASG Finance, commented:
“We are delighted to introduce these new rates, especially the 0.6% stepper product, which offers significant savings for clients who can repay within six months. These products are tailored for investors, developers, and business owners who need swift, cost-effective finance solutions to act on new opportunities in the commercial property market.
“With our updated range, we’re reinforcing our commitment to affordability and flexibility for clients across the UK.”
For more information on ASG Finance’s latest products and rates, please visit www.asgfinance.co.uk.
