Aspen reduces rates and launches 80% LTV No Valuation Refurbishment bridge

17 July 2025

Aspen Bridging has set its sights on being a leading provider of refurbishment funding to UK developers by enhancing its offering with reduced rates and increased LTVs.

The lender has cut its 80% Heavy Refurbishment product to 0.78% pm, a fall of 60 bps.

It has also enhanced No Valuation Refurbishment product to offer 80% LTV at 0.83% pm, which was previously only available at 75% LTV.

Stepped Rates are also reduced for both products and are available from 0.39% pm, a 50bps cut.

No Valuation, which uses in-house surveyors to provide post valuation offers in 48 hours, is now available supporting refurbishment projects with no QS required.

In addition, these products are available with the lenders latest service improvements of docusign legals, no search indemnity and fund 100% of works using 48-hour drawdowns paid direct to borrowers.

Both products can come with fully underwritten 1-year Bridge To Let (BTL) as a Development Exit or a 2-year BTL stabilisation period, both available at 6.49% pa.

Jack Coombs, Managing Director at Aspen Bridging, said:

“We are determined to provide a best-in-class product and service in the heavy refurbishment space and with these enhancements I am confident we are ideally placed to meet developers’ needs.”