ASG Finance recently revealed substantial rate cuts and new short-term bridging loans, aiming to enhance flexibility for UK clients.
- The starting rate for their new short-term bridging loan is a competitive 0.60%, designed for quick repayment options.
- ASG offers reduced rates for 12-month bridging loans, now at 1.10% instead of the former 1.25%.
- Their lending solutions are available for projects in England, Scotland, and Wales, with loans ranging from £500,000 to £7,000,000.
- These financial products are mainly targeted at property investors, developers, and business owners requiring quick funding.
ASG Finance has launched a new line of short-term bridging loans with notable rate reductions. The most competitive rate starts at 0.60%, part of what they call their ‘stepper’ product, designed to encourage fast repayment within six months. This product not only offers financial flexibility but also comes with potential savings for those capable of early repayment.
Furthermore, ASG has adjusted its rates on their standard 12-month bridging loans. The rate now stands at 1.10%, marking a decrease from the previous 1.25%. Such reductions reflect ASG’s commitment to providing more accessible and cost-effective financial solutions to their clients.
These funding options are open to property investors, developers, and business operators. They are structured to support the financial demands of projects across the UK, specifically within England, Scotland, and Wales. The loans, ranging from £500,000 to £7,000,000, offer up to 70% loan-to-value, ensuring a wide scope of financial backing for various initiatives.
Jaxon Stevens, the relationship director at ASG Finance, highlighted the significance of these new offerings saying, “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 remarks underline the strategic intent to cater to clients looking for swift and economical finance solutions in the commercial property market.
ASG Finance’s new financial products demonstrate their commitment to innovation and affordability in the UK bridging loan market.
