Aspen Bridging provides bridging finance across the board for both business and individual borrowers. The specialist principal and independent lender offer short-term unregulated funding against all manner of properties such as commercial and industrial units and residential property. Aspen Bridging is an S&U PLC fully-owned subsidiary. S&U PLC was founded in 1938 and remains highly successful on the FTSE to date.
One of the unique things about Aspen Bridging is their keenness to have their underwriters meet each potential customer, whether corporate or individual, to see any type of property on the table to comprehend the needs of the customers fully. The same underwriter handles a specific case from the beginning up to completion. The lender has high service standards drawn from over 80 years of experience ensuring the specific bridging finance needed is provided without a problem.
Aspen Bridging offers unregulated bridging loans and is not regulated by the Financial Conduct Authority (FCA). They cover Wales and England with security first on the first charge and the second charges are only with a first charge by the lender. Loans begin from £100,000 or £50,000 for another property and a maximum £1 million loan.
The lender serves UK corporations from partnerships and limited companies, LLPs and sole traders. They also lend to individuals. However, Aspen Bridging requires that borrowers be UK businesses and UK residents. Aspen Bridging usually funds commercial clients within 12 working days and 8 for residential borrowers.
Aspen Bridging provides finances for diverse property uses such as investment property purchase and refinancing and lease extension, including refurbishments and commercial property. Their loans are used for diverse purposes such as helping to complete auction property purchase, helping with the refurbishing and purchase of property, purchasing an investment property, adding to a buy-to-let property portfolio. They also lend for reasons such as selling and buying properties for profit, funding urgent liabilities such as tax bills, funding investment and business purposes and purchasing lease extensions.