The lender has reduced rates on its 80% heavy refurbishment product to 0.78% pm, a fall of 60 bps.
Aspen has also enhanced its no valuation refurbishment product, which recently won B&C Product of the Year, to offer 80% LTV at 0.83% pm, previously only available at 75% LTV.
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Stepped rates are also reduced for both products and are available from 0.39% pm, a 50bps cut.
Both products can come with fully underwritten one-year BTL as a development exit or a two-year BTL stabilisation period available at 6.49% pa.
Jack Coombs, managing director at Aspen Bridging (pictured above), commented: “We are determined to provide a best-in-class product and service in the heavy refurbishment space and with these enhancements I am confident we are ideally placed to meet developers’ needs.”
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