Aspen increases maximum loan size to £4m

The previous limits were £1.5m for portfolios and £1m per property.

Aspen says the move will help it to expand its offering into larger scale capital raising on portfolios, auction purchases and conversion projects.

It also seeks to expands its developer exit loan proposition.

Jack Coombs, director at Aspen Bridging, said: "We promised a quick resolution, and having been made fully aware of the survey results it took us just four working days to call a meeting of the executive directors and agree to increase our maximum loan sizes substantially.

“The decision – which represents a 166% increase on portfolios and 100% on single properties – shows just how rapidly we can adapt to feedback and indicates our strong appetite to lend to both new and existing customers.”