ASG Finance announces new short-term bridging products featuring reduced interest rates, aimed at providing flexible financial solutions.
- The newly launched products are geared towards property investors, developers, and business owners.
- Interest rates begin at an attractive 0.60%, offering substantial savings for early repayment within six months.
- A full 12-month bridging option is available with a reduced rate of 1.10%, down from 1.25%.
- These offerings cover projects across England, Scotland, and Wales, with lending facilities up to £7 million.
ASG Finance has recently unveiled a series of short-term bridging products with significant rate reductions, presenting an advantageous opportunity for those within the commercial property market. This initiative is designed to furnish property investors, developers, and business owners with much-needed financial flexibility. The introduction of these products comes at a time when securing swift and cost-effective finance is of utmost importance.
The standout feature of this offering is the 0.60% interest rate on the ‘stepper’ product, which is particularly appealing for clients capable of repaying loans within the first six months. This strategic move not only enables substantial cost savings but also underlines ASG Finance’s commitment to providing competitive and client-friendly financial solutions. The ‘stepper’ option is a testament to the company’s forward-thinking approach to financing.
In addition to short-term benefits, ASG Finance has adjusted its 12-month bridging loan terms, reducing the rate from 1.25% to 1.10%. This reduction signifies a meaningful decrease in borrowing costs, allowing clients to manage long-term financial commitments more effectively. Such competitive rates ensure that ASG’s offerings remain highly attractive to the market.
Their lending facilities range from £500,000 to £7,000,000, accommodating a broad spectrum of projects throughout England, Scotland, and Wales. With the ability to cover up to 70% of the loan-to-value against open market values, ASG Finance demonstrates its versatility and readiness to meet diverse investment needs. This expansive geographical reach and lending capacity highlights their dedication to supporting a thriving property sector.
Jaxon Stevens, the relationship director at ASG Finance, expressed enthusiasm about the new offerings, stating: “We are delighted to introduce these new rates, especially the 0.60% stepper product, which offers significant savings for clients who can repay within six months.” His statement reflects the broader intent of ASG Finance to bolster opportunities for investors and developers within the UK.
ASG Finance’s strategic rate reductions and versatile lending options strongly position them to support varied financial needs in the property sector.
