They also adjust their criteria to further support brokers and borrowers
Two specialist lenders, Aspen Bridging and Bluestone Mortgages, have unveiled rate reductions and product enhancements in a bid to strengthen their market propositions and support a broader range of borrowers.
Aspen Bridging has introduced its 2025 Rate Card, which features rate cuts of up to 80 basis points (bps) across its product range. Flat rates now start at 0.79% per month, down 60bps, while stepped rates begin at 0.45% per month, a reduction of 40bps.
The lender has also improved its development exit and refurbishment bridge offerings, with rates reduced by 50bps to 0.89% for up to 80% loan-to-value (LTV) and 0.84% for up to 75% LTV. Similarly, its heavy refurbishment bridge product now starts at 0.87% for up to 75% LTV and 0.84% for up to 70% LTV, reflecting an 80bps cut.
In addition, Aspen has increased its maximum loan size to £15 million net, up from £10 million, to cater to larger-scale projects and the London super-prime market. These changes aim to support UK developers and overseas investors undertaking projects across England and Wales.
“As we step into 2025, we have never felt more confident in our ability to serve our brokers and their clients,” said Jack Coombs (pictured left), managing director at Aspen Bridging. “That is why we have taken key steps to widen our offering while introducing some of the most competitive rates in the marketplace.”
Meanwhile, Bluestone Mortgages has reduced rates by up to 10bps across its residential, Right to Buy, and Deposit Unlock product lines.
Rates now start at 6.14% for a 65% LTV, with all products offering no application fees. For remortgaging customers, the lender provides free basic legal services or a £500 contribution toward solicitors’ costs.
The announcement follows Bluestone’s recent update to its criteria, which increased the maximum LTV on its BBB product from 70% to 75%, offering further support to borrowers saving for a deposit.
“To kickstart the new year, we’re pleased to announce rate reductions across our entire product suite,” said Mark Hollands (pictured right), head of sales and distribution at Bluestone Mortgages. “By lowering rates and enhancing our criteria, we aim to make borrowing more accessible and help even more people take steps toward achieving their homeownership goals.”
Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter. You can also follow us on Facebook, X (formerly Twitter), and LinkedIn.
