Aspen Bridging raises maximum loan sizes

Aspen Bridging has increased its maximum loan sizes on portfolio and single properties with immediate effect.

Specifically, the lender has increased its portfolio properties maximum loan size from £1.5m net to £4m net, and on single properties, from £1m net to £2m net.

The increase comes after the lender asked a number of broker firms whether they thought the previous loan size was too small, which a substantial proportion – nearly half – agreed with.

Aspen Bridging claims that it processes the majority of cases it receives in three to 10 days.

Director Jack Coombs comments: “The decision, which represents a 166 per cent increase on portfolios and 100 per cent on single properties, shows we can adapt to feedback.”

Add a Comment

Your email address will not be published. Required fields are marked *