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Bridging

ASG Finance launches 0.6% short-term bridging loan

ASG Finance launches 0.6% short-term bridging loan
Samantha Partington
Written By:
Posted:
November 19, 2024
Updated:
November 19, 2024

ASG Finance has launched a short-term bridging deal, with rates starting from 0.6%, while cutting the cost of existing products.

The short-term bridge is designed to support property investors, developers, and business owners in need of flexible, short-term financing options.

The funding can be used to acquire, refurbish, or expand commercial properties.

The 0.6% starting rate applies to ASG Finance’s stepper product, which offers additional cost savings if the loan is repaid within the first six months.

For borrowers requiring a full 12-month bridge, ASG Finance has reduced its rate to 1.1%, down from 1.25%.

With lending facilities available from £500,000 to £7m, ASG Finance supports projects across England, Scotland, and Wales, offering up to 70% loan to value (LTV) and lending against the open market value.

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Jaxon Stevens (pictured), relationship director at ASG Finance, said: “We are delighted to introduce these new rates, especially the 0.6% stepper product, which offers significant savings for clients who can repay within six months. These products are tailored for investors, developers, and business owners who need swift, cost-effective finance solutions to act on new opportunities in the commercial property market.

“With our updated range, we’re reinforcing our commitment to affordability and flexibility for clients across the UK.”