Aspen Bridging has updated its Bridge to Let deal with the launch of a three-year solution designed for heavy refurbishment and semi-commercial borrowers and foreign nationals.
Borrowers taking the deal can choose a 9-12-month bridge, which runs into a two-year buy-to-let (BTL) mortgage. The loan is fully underwritten upfront and uses one facility letter and one initial valuation for both parts of the transaction.
The product is available with BTL rates from 6.79%, with initial bridging rates from 0.79% per month. Aspen Bridging is also offering the product using Docusign and no search indemnity to simplify the legal process.
The maximum loan size is £5m with a loan-to-value (LTV) cap of 80%. The product is available to fund projects and investment properties across England and Wales.
Castle Trust reduces pricing and arrangement fees across the board
Castle Trust Bank has cut rates and reduced the arrangement fee across its entire bridging proposition.

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The bank has cut rates on bridging loans by up to 20 basis points (bps) per month, with heavy refurbishment loans at 70% LTV reduced from 0.95% per month to 0.75% per month. Alongside this, across the range, many products have been cut by 10bps per month.
Castle Trust Bank has also reduced the arrangement fee for all bridging loans from 2.25% to 2%. The reductions have been introduced on all bridging loans across the bank’s Standard, Light Refurb, Heavy Refurb and Heavy Refurb with Drawdown products.
Market Financial Solutions cuts rates
Market Financial Solutions has reduced rates across its complex BTL mortgage and bridging ranges for both fixed and variable deals.
The lender has also cut rates on its Bridge Fusion range, a hybrid of a bridging loan and a longer-term BTL mortgage launched in June 2024.
BTL two-year fixed rates start from a pay rate of 4.74%, while three- and five-year fixed options start from 5.14% and 5.94% respectively.
Paresh Raja, chief executive of Market Financial Solutions, said: “The property market ended 2024 strongly, with house prices rising amid falling interest rates. With the Bank of England expected to cut the base rate further in 2025, we expect greater demand among property investors over the coming months, so it is the perfect time for us to help stimulate the market by reducing our rates.”
The lender recently renegotiated and extended an institutional funding line worth £1.5bn to support the growth of its loan book, allowing the lender to take on more clients and process loans quicker.