Aspen overcomes cross-border complexities to complete Berkeley Square refinance

01 July 2026

Aspen has completed a £1.9m Bridge To Let facility on a prime Central London apartment owned through a Singapore corporate structure, in turn overcoming a number of cross-border legal and underwriting complexities.

The transaction involved a high-end two-bedroom, third-floor apartment overlooking Berkeley Square, Mayfair with the overseas borrower requiring funds to redeem an existing £1.5m facility while releasing additional capital for business purposes.

The key challenge was navigating the Singapore-based corporate structure and associated legal requirements surrounding document provision and signatory execution via international notaries - Aspen worked closely with solicitors in both jurisdictions to keep the transaction on track.

In addition, Aspen used their No Valuation product to further streamline the process and meet the client's timescales, visiting the property on a Saturday to undertake an in-house valuation.

The bridge was finalised on a Flat Rate of 0.74% per month over eight months, and allows for the borrower to optionally transition, using the same facility documentation, onto a serviced BTL period at 6.99% per annum over two years.

In line with the lender’s one-person per-case Customer Service Commitment the application was taken from start-to-finish by Underwriting Manager, Richard Tweddell.

Richard said: “Trophy assets like this Berkeley Square apartment continue to attract international investors, but transactions involving overseas corporate structures often require careful coordination between lenders, solicitors and advisers across multiple jurisdictions.

“With extensive experience in dealing with overseas clients we were able to deliver complex cross-border refinancing efficiently and release capital for the client to redeploy where it was needed most.”

Aspen’s award-winning Bridge To Let product combines the speed and works-funding of a bridge with the flexibility and certainty of a BTL.

Applicants can opt for a bridge or development loan of up to 24 months followed seamlessly by a BTL which can run up to three years. The product can be used to support residential, semi-commercial and commercial projects for UK and foreign nationals on properties across England and Wales.

Flat Rates start at 0.69% and Stepped Rates from 0.35% followed by a serviced buy to let period at 6.89% per annum. The maximum loan size is £15m with LTVs of up to 80%.