Aspen Bridging completes 10-day £750k loan

Aspen Bridging has announced the completion of a 10-day loan worth £750,000 at 75% LTV.

The lender said a Nigerian-based investor needed to quickly refinance an existing buy-to-let (BTL) mortgage while releasing equity from a London property.

Aspen suggested that the applicant was able to meet all deadlines and avoid potentially costly penalties by utilising the lender’s bespoke integrated legal representation and video signature processes. The bridge was concluded on Aspen’s fixed rate product at 0.89% per month on a 10-month term, with no exit fees and no early redemption charges.

“From start to finish, Aspen was great on this case,” commented Blackstone Private Finance director, Michael Abebe, who first introduced the case. “I have never completed a foreign national bridge so quickly before this and will be looking forward to working closely with them on the next.”

Aspen director, Jack Coombs, added: “It was great to work with Michael to get this case over the line, and in the required timeframe.

“We have fine-tuned our remote capacity systems so foreign national bridges are also subject to our time based service excellence target which stipulates a 10-day turnaround when the applicant follows our advice, and this is proof the procedure works.”

    Share Story:

Recent Stories


FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.


The UK housing market in 2024
The performance of the UK housing market in 2024 has largely exceeded many people's expectations, although challenges remain for first-time buyers due to house prices increasing and a testing rental market for many. Regional disparities, such as the North-South divide, also continue to influence housing accessibility and affordability for many buyers in pockets of the country.

Intergenerational lending
MoneyAge News Editor, Michael Griffiths, hosts Family Building Society BDMs, Amar Mashru and Arif Kara, to discuss intergenerational lending and explore ways that buyers can use family income to help increase their borrowing capacity when applying for a mortgage

Helping landlords make their cash work harder
MoneyAge Editor, Adam Cadle, talks to Family Building Society BDMs, Arif Kara and Nathan Waller, about the resilient BTL market, the wide variety of landlords that Family Building Society caters for, and how niche products like an Offset mortgage can help improve cashflow.