Aspen Bridging has announced a number of reductions to its interest rates.
The minimum and maximum initial interest rate per month has been cut by over 10 per cent, according to the lender.
This represents a reduction on the initial minimum and maximum interest rate from between 0.49 per cent and 0.59 per cent, to 0.45 per cent and 0.55 per cent.
Both of the rates listed above are available across the lender’s first and second charge unregulated residential and commercial products, irrespective of the LTV, property type, or loan purpose.
Aspen Bridging director Jack Coombs says: “We constantly monitor the market to see how we can make our products more competitive.
“Our service goes further than any other lender by offering one person per case, quick and accurate quotations, site visits from an experienced underwriting team to every property at valuation stage and completions from initial enquiry as fast as any in the industry.”