Experienced developer secures maximum flexibility with £1.8m Aspen Bridge To Let facility

18 December 2025

An experienced developer seeking maximum future financial flexibility on their latest development has chosen Aspen’s Bridge To Let for a £1.8m facility at 80% LTV.

With their existing development facility nearing term end the scheme, comprising four newbuild, semi-detached, three-bedroom houses in Coulsdon, Surrey Downs still required building control sign off, light snagging and water connection to bring the 5,000sqft of works to completion.

The developer, a returning customer to Aspen who had completed a large development exit which has since redeemed, will complete the works under the bridging period and expects to sell half of the units with strong demand already registered via agents.

The houses retained by the developer will transfer onto the BTL period and be added to an already extensive portfolio.

The bridge term was finalised at 0.83% per month on Aspen’s Flat Rate over nine months followed by two years on the serviced period at 6.74% per annum.

Underwriting Manager Richard Tweddell oversaw the case from start to finish under Aspen’s one-person-per-case service model.

Richard said: “This is a quality developer, with whom we already have an excellent relationship, who wanted maximum flexibility.

“The structure enables a swift refinance and completion of works typical of a standard bridge, alongside additional time to allow for a considered sales strategy or tenanting to achieve a stabilised rent roll.

“Ultimately this is why our Bridge To Let product has won multiple awards, because it gives developers the flexibility they need to maximise each developments’ financial potential.”

Aspen’s award-winning Bridge to Let product offers a three-year hybrid structure with a nine- or 12-month bridge followed by a one- or two-year BTL term, fully underwritten upfront using a single facility letter and valuation.

Loans are available up to £15m at up to 80% LTV across England and Wales, with BTL rates from 6.79% per annum and bridging rates from 0.74% per month.