Aspen cuts no valuation bridging rates for World Cup period

Aspen has reduced rates on its no valuation bridging products by 60bps during the World Cup.

The lender said no valuation deals will be available at 0.74% per month up to 75% LTV for residential loans and up to 80% LTV for refurbishment loans.

The offer applies to new applications from today until the final on 19 July.

Aspen’s no valuation process is designed for urgent transactions and can enable cases to complete in under 10 days. It is available up to 80% LTV and £3 million net.

The World Cup special applies to applications in England and Wales for UK nationals.

Jack Coombs (pictured), chief operating officer at S&U PLC, parent company of Aspen, says: “The World Cup is the biggest sporting event on the planet and we wanted to celebrate with our broker partners and their clients by bringing our No Valuation rates in line with standard pricing for the tournament period.

“No Valuation remains one of our most popular and distinctive products, and this offer makes it even more compelling for anyone looking to move quickly on a transaction.”

Aspen’s bridging products remain available for net loans between £200,000 and £15 million.

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