Aspen Bridging reduces rates to 0.54%

The offer is available up to £3m net and 75% LTV on its 10-month stepped rate product, which covers residential and light refurbishment, residential and medium refurbishment, HMOs, prime semi-commercial and prime commercial property.

In addition, the lender is offering a surprise present for every broker who completes a deal by Christmas Eve.

The lender aims to take the majority of applications from enquiry to completion in three to 10 days, and will be utilising its integrated legal representation and video signature processes with desktop valuations where appropriate to ensure rapid drawdowns.

Jack Coombs, director at Aspen Bridging, said: “There’s no doubting it’s been a challenging year in the finance sector, so we’re looking to end 2020 on a high with a little Christmas cheer. And with our Time Based Service Excellence promise there’s still plenty of time to get deals over the line.”