Aspen Bridging has been appointed to Connect for Intermediaries’ bridging panel with immediate effect.

Connect for Intermediaries will package its members’ requests before being sent onto Aspen, who suggested it would then deal directly with the broker and applicant.

Aspen also indicated the structure of the agreement will ensure it can continue to meet its time-based service excellence targets – which aims to take the majority of applications from enquiry to completion in three to 10 days.

Aspen Bridging director, Jack Coombs, said: “Connect for Intermediaries is a network synonymous with outstanding service and support for brokers, an ethos that mirrors our own. We will work closely to further educate intermediaries on the bridging sector, and to complete cases quickly and efficiently.”
 
The agreement will provide Connect for Intermediaries’ members with immediate access to Aspen’s new 2020 rate card, which introduced flat rate products without exit fees.

The lender added that it now offers ‘Prime & Development Exit’ and ‘Standard & Finish & Exit’ across its residential, commercial and mixed development applications – with flat rates offered at 0.89% at 80% LTV, 0.84% at 75% LTV and 0.79% at 70% LTV.
   
Connect Mortgages CEO, Liz Syms, said: “We have seen a rise in demand for bridging via our ARs, our packager distribution and our own advisers, so we are actively seeking to increase the choice of lenders available to them. Therefore, I am pleased to welcome Aspen Bridging to our panel as one of over 130 lenders we currently work with.”

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