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Aspen Bridging

Rapid, Reliable and Reasonable Bridging.

BridgingDevelopmentBridge to Let

Max LTV

85%

Interest from

0.85% pcm

Loan size

£200,000–£15m

Term

3 months–5 years

Charges

1st

Areas

England and Wales

Who they are

Aspen has the benefit of having over £500m in group equity ready to fund. We offer bridging, refurb, development and bridge-to-let. We provide DocuSign legal and a no-valuation loan of up to 85% LTV, with direct access to your dedicated underwriter. Our award-winning product range leads the way in not only heavy conversions and refurbishments, supporting developers for longer at better leverage and lower pricing on heavier works. The bridge-to-let product uniquely assists clients who need a flexible option after the bridge, should that be a refinance or sale option in a very changing market.

Their ethos

At Aspen we love to innovate and listen to our clients to see where there are gaps in the market. With our award-winning product range including development and refurbishment, our experienced team provides drawdowns to clients within 48 hours of visits, keeping projects moving quickly and efficiently. Our underwriters get on the front foot to understand the client’s requirements and look to overcome any problems that may arise. Our extensive experience from sales to underwriting means we all work as one team to provide the best outcome on every deal.

What they specialise in

Aspen specialises in development and all types of refurbishment, from Grade 1 listed property to auction finance or a foreign national purchase. With all of our products, your client will get quick decisions directly from our team, who will keep you updated throughout.

Meet the team

Steve Gregory

Business Development Manager – South & Wales

steveg@aspenbridging.co.uk

Mike Allen

Business Development Manager – London & East

mikeallen@aspenbridging.co.uk

Kevin Beale

Business Development Manager – Midlands & the North

kevin@aspenbridging.co.uk

Contact

2 Stratford Court, Cranmore Boulevard, Solihull, B90 4QT

www.aspenbridging.co.uk

enquiries@aspenbridging.co.uk

Lending criteria

Funding model
Equity funded by FTSE main listed company
FCA regulated
No
Fixed/variable interest
Fixed rate
Treatment of interest & default interest
Retained interest; 0.85–2% applied case-by-case
Sectors
Residential, investment, commercial, semi-commercial, HMO, refurb and development
Max LTGDV
75%
Max LTC
90%
Min property value
£100,000
Valuation retypes
Yes
Rental calculations & exposure
100% of pay rate on bridge to let
Types of valuation accepted
Internal valuation, Red Book and retypes
New builds
Yes
Heavy refurb
Yes
Grade listed buildings
Yes
Green/sustainable product
No
Planning permission needed
No
Commission rate
1–2%
Associations/charters
BDLA and FIBA
Types of landlords accepted
Ltd co, individual, FTB/FTL, foreign national, ex-pats, offshore ltd co, portfolio landlords
Upfront fees
No
Broker portal
Yes
Early redemption charges
No
Investment
Yes
Owner occupied
No, unless owner-occupied commercial
Electronic signatures accepted
Yes
Lending on land
No

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Lender information courtesy of The Lender Index by Bridging & Commercial.

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