Applicants can now opt for a bridge or development loan for up to 24 months, followed by a BTL which can run up to three years.
The product can be used to support a heavy refurbishment, ground-up development or a rapid purchase by UK and foreign nationals.
An initial retained bridge precedes a serviced BTL with low early repayment charges.
- The Finance Professional Show 2025: The Video
- Aspen starts 2026 with 60bps rate reduction across all products
- Aspen provides £1.8m bridge to let facility for Surrey development
Associated bridging rates and development rates have both recently reduced by 60bps, to 0.74% per month and 0.79% respectively. BTL rates have also reduced by 35bps to 6.89% per annum. The maximum loan size is £15m, with LTVs of up to 80%, and the product is available to fund residential, semi-commercial and commercial properties across England and Wales.
Earlier this week, Aspen launched its 2026 rate card with cuts of up to 60bps across all its products.
Jack Coombs, COO at Aspen’s parent company S&U PLC (pictured above) said: “We are excited to launch our new five-year bridge-to-let and we are confident that the increased term and reduced rates will be welcomed by property investors, developers and their brokers.”
Leave a comment