Aspen launches special rates offer and no valuation bridging product

The move, which is timed to help offset the reintroduction of stamp duty, sees the rate reduced to 0.64%.

Along with its 75% LTV offering, applications are open up to its £10m maximum loan size with terms running from 10-18 months.

Aspen has also launched a 'No Valuation' product. Available up to 70% LTV for applications between £400k and £1.5m net and with rates from 0.74%, it is designed to offer completions within a maximum of 10 working days.

Applications are open to UK and overseas borrowers, either individuals or corporates, for properties across England and Wales.

Jack Coombs, director at Aspen Bridging, said: “September is traditionally one of our busiest months, and the ‘Lend a Hand’ rates offer supported by our product and service proposition is designed to help property professionals as stamp duty fully returns.

“This is also the perfect time to launch our new No Valuation product which continues our focus on meeting borrowers needs for faster completion times.”