Aspen Bridging has said it is on track to double its loan book this year compared against the previous 12 months.
The lender put the growth witnessed in its “record summer and autumn periods” down to its cut in interest rate introduced in July.
As a result it will continue to offer a starting interest rate of 0.45 per cent on products of up to 80 per cent loan to value.
Aspen said the 0.45 per cent rate will remain available across all its first and second charge unregulated residential and commercial products regardless of loan to value (LTV), loan term, property type and loan purpose.
Jack Coombs (pictured), director at Aspen Bridging, said: “Since the summer the market has remained very aggressive, and to maintain our pipeline of business we need to continue to lead from the front.”
He also criticised other lenders for “using a low interest rate to ‘open the door’ to an applicant before increasing the figure during the process.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS